I enjoyed meeting you at the users conference and gladly approach you with the following question.
One of my new companies was created with beg bal 1/1/00 (using info from a spreadsheet) There are no liabilities. The Total Assets line on 12/31/00 ties to the supporting excel spreadsheet after transactions have been posted throughout the year.
The equity section is off and shows the following lines:
-Owners Equity
-Net Income current year - number does not tie to the number on the income stmt(income stmt is correct).
-Unrealized Gains/Losses
-Changes in Account Balances (I did the utilities test and the system did not show any discrepancies)
-Total Net Worth: differs from Total Assets
a. reduced by the Changes in Account Balances
b. off by the difference of Net Income

Thank you for your response by Monday.