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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
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I am having problems balancing Schedule L, I am not sure

Customer Question

I am having problems balancing Schedule L
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I am not sure where the mistake is but I cannot get this schedule to balance
JA: Is there anything else important you think the Accountant should know?
Customer: The software is saying the beginning and end of the year total assets don not equal beginning and ending total liabilities and stockholders equity
Submitted: 13 days ago.
Category: Tax
Expert:  ABC Accounting Group replied 13 days ago.

Hi. Great Question. Are you using any general ledger program that shows your assets and liabilities per your books? Thank you.