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Balance Sheet Summary vs Detail Closing and Opening balance variances Deffered Revenue accounts

edited Jul 24, 2025 4:54PM in Ask A Guru 3 comments

Hi,

When we run a Balance Sheet summary for 2024 for Deferred revenue accounts, the closing balance as at Dec 2024 does not match to the Opening Balance for January 2025.

When we look at the detail transactions, it matches the closing balance amount but we're not able to determine why we're seeing a different/higher amount as the opening balance when the report is run for 2025.

We have checked some of the transactions and identified some transactions were created in 2024 but posted say in 2025 period.

Why would the closing and opening balance be different and how can we account for the variance?

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