QB and Taxes

Not sure what is going on, but I am having a problem with my Form 1065, page 5 cash matching up to my books on Quickbooks. All the numbers match up except for cash balance and total liabilities and capital. My capital
balance is nowhere near the Form 1065 balance. I am using tax basis accounting. The 1065 shows $1256 excess cash and $1196 excess equity. Any ideas on what might be going on and how to correct it while reporting correct numbers? Everything else is right on, within 1-2 for rounding; i.e. assets, revenue, expenses all match. I would really like to get this back on track for next year. BTW, per IRS rules this page is not necessary, but I would like to track down the problem.
Mike D.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
On Thu, 7 Jul 2011 18:22:39 -0500, Michael Dobony wrote:

Ok, been thinking about this for a while. If I add total assets and depreciation and subtract retained earnings I should get the total investment minus distributions. Is this correct?
Ran the numbers and discovered a discrepancy in the Capital Contributions for one of the years, along with a misappropriated $50 showing up as a liability that does not exist (wrong posting date for payments). Will correct for taxes this year with cash distributions to match actual. Oh the joys of putting 4 years of back accounting into a proper accounting program!
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.