How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
Experience:  10 years experience
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

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: 6 months ago.
Category: Tax
Expert:  ABC Accounting Group replied 6 months ago.

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