Hi, I'm using QuickBook, after entered all data my Balance Sheet shows:
Total Assets = -13,647.07
Total Liabilities & Equity = -13,647.07

I'm wondering why there is a negative amount and what may be the reason. The business is a loss position and expenses is more than income generated. This is 1.5 year business and it is closed now, and first time preparing for income tax.

Here are other info might needed:

Trial Balance report:
Total Debit = 108,649.53
Total Credit = 108,649.53

Profit & Loss:
Net Income = -58,844.32

Thank you in advance for your help.