how to rebuild data in quickbooks desktop

In other words, this Balance Sheet now is 'in balance' without having to Rebuild QuickBooks data. In the example below we have added the 'Previous Period' column for display.Įven though I have had to 'split to shrink' the overall balance sheet from top-to-bottom, I want you to notice that the middle column represent the same report date as in the example above now has a matching Total Liabilities & Equity figure of $6,633,795.62 which equals the Total Assets in my example above (even though you can see both Total Assets and Total L&E below). Just select a balance sheet that compares more than one period, or add a comparison column. They don't mention a thing about computation (or non-computational) errors as they relate to the Balance Sheet.īut, you can actually force QuickBooks to 'do the math' and compute the Balance Sheet without Rebuilding your Data. Only if you Rebuild the data will QuickBooks update the otherwise 'erroneous' balances. So, if you open the Chart of Accounts you will still notice that the 'displayed balances' are the erroneous amounts matching the displayed balances in the Balance Sheet (Standard). If you see Your data has failed the integrity check you need to rebuild your file. Unfortunately, the computed balances don't stick within the program.

Select Verify Data, then select OK to close all windows. If you look up this error in the QuickBooks Community support site you will see they tell you the most likely causes are 'data damage', 'linking improper transactions together', and 'multi-currency'. Before you rebuild your company file, use the verify tool in QuickBooks Desktop for Mac to scan your company file for errors or data damage. Intuit's warning message says, 'don't worry, most of the time you can easily fix the problem by rebuilding your company file'.

How to rebuild data in quickbooks desktop