Hello, I use QF for a very small golf club (not course owning)
We’re at year end but I’m baffled by an entry on the Balance Sheet of £340.81 as an Asset
When I go into the Creditors Control account (2100) all credit entries have a balancing debit entry
Similarly with Debtors Control Account where the difference is just £10.00
Can anybody explain this to me?
Which specific page or report are you looking at when you
Remember the balance sheet shows balances for all time, whereas the chart of accounts and nominal account views show just transactions between a pair of dates. It may be the case that every transaction that happened within this financial year is balanced, but if the nominal had a non zero opening balance at the start of the year then it’ll still have a non zero closing g balance at the end of the year.
The “trial balance” report may help here - it gives the opening and closing balances as well as the net total of transactions for the period you’re looking at.
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