Opening Balances Differences

Q: What are possible reasons for differences occurring in closing balances and opening balances for next period?

A: Not sure. There shouldn't be differences at all. Copying error if done manually? Or computer error?

Comments for Opening Balances Differences

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Balances Difference
by: Anonymous

There should be no differences in opening and closing once it is reconciled at year end. Only the difference can occur if you put a wrong balance by mistake.

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