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What if Period 1 is out of balance after closing G/L?

Balance closing l period
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What if Period 1 is out of balance after closing G/L?

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If you have closed out the year and are out of balance for period 1, it may be one of two issues: • Retained Earnings may require adjustment. • You may have missed setting an account to be carried forward in the G/L Chart of Accounts window. This applies to books 1, 2, and 3.

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