Balance Sheet

The balance sheet doesn't have the right value for some assets!

In Goldenseal accounting software versions 2.5 and earlier, you may get too large a value for project receivables (it was using the value of work completed instead of the receivables balance). This problem was fixed in version 2.6.

We added depreciation calculations to the value of equipment and real estate accounts in version 2.6, but it uses the starting date for the report instead of the current date.

Here is a temporary fix for Goldenseal 2.6 and 2.7:

First, modify the report so you can change the date range. To do so, follow these steps:

  1. Choose Custom Layouts from the Options menu, and choose Reports from
    the submenu.
  2. Choose Financials in the Area popup field at upper left, then choose
    Balance Sheet from the Report popup field.
  3. Choose Report Display from the Options menu, and select Date Ranges.
  4. Choose Save from the File menu.

When you make the report, enter Today as the date range. Goldenseal will show the current value.

Starting with Goldenseal 2.71 we automatically use the current value in the Balance Sheet report.

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