I reviewed a Balance Sheet Standard Report today in Quickbooks. I immediately noticed the amount was incorrect. When I double clicked on the line to see more details, it generated a transaction list that calculated the correct number.

This confused me so I ran a Balance Sheet Detailed Report and that report also calculated the correct number. A Balance Sheet Comparion to Last Year Report also colculated the correct RE number.

All reports were run for the same date range and an an accural basis. Further, when I compared the 2008 Retained Earnings on all reports, they match perfectly. Additional REs were added 1/1/09 and that's where the numbers begin to differ.

Anyone have any idea what the Balance Sheet Standard Report would be considering REs in addition to the general ledger entry made on 1/1/09? I'm baffled!

Oh in addendum to the above post, it is the Retained Earnings that are not matching. Thanks!