Monday, May 24, 2010

How the difference in Opening balance is showing at the time of creating a new A/c. in computer from a manual?

AT THE TIME OF CREATING A NEW COMPANY'S ACCOUNT IN TALLY OR OTHER SOFTWARE FROM A MANUAL BALANCE SHEET, AS SOON AS THE OPENING BAL. OF EACH LEDGER ENTERED, A DIFFERENCE IS SHOWING IN THE CREATED BALANCE SHEET. WHY AND HOW THIS CAN BE AVOIDED?

How the difference in Opening balance is showing at the time of creating a new A/c. in computer from a manual?
If your balance sheet was nicely balanced before you copied the figures over, the only way there can be a difference is if you posted something to the wrong side, e.g.posted a debit as a credit or vice versa. Go back and check your entries, one by one. The most important thing is to have a correct starting point in your manual balance sheet
Reply:By chance do you have the column presented with zero decimal places? This will cause a rounded value to be displayed even though the correct value is stored.


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