Ask a tax advisor on the topic of Balance sheet

Follow-up balance bookings

October 24, 2021 | 35,00 EUR | answered by Steuerberater Knut Christiansen

Hello,

I have another question regarding my original question.

I quote your response to my question and my follow-up question:

"Hello!

I will list all bookings for you. I assume it is a sole proprietorship and the balance sheet should be carried forward to 1.1.

Receivables: 1410 to 9000 26,202.00 euros
VAT payable from previous year: 1790 to 9000 4,978.38 euros
Cash: 1000 to 9000 36.47 euros
Bank: 9000 to 1200 28.13 euros

Equity including profit and loss carryforwards: 880 to 9000 16,879.00 euros
Liabilities to banks and others: 9000 to 1610 31,025.90 EUR
Liabilities to shareholders: 9000 to 1667 17,041.82 EUR

Please feel free to contact me if you have any further questions. Please note that the portal only allows one follow-up question. Therefore, please collect any questions and summarize them in one follow-up question if necessary.

Best regards!

Knut Christiansen
Tax advisor

Questioner Follow-up question by the questioner Inquired on 23.10.2021 21:48

Hello,

Thank you very much for your quick help!

I just have one more question. When I take over your numbers, there is a difference of 28.13 € in the liabilities/assets. So in the e-balance sheet, assets and liabilities were 31,188.72 € and in the Lexware program it is 31,216.85 €. This sum is exactly the liability to credit institutions (28.13 €).

Does the Lexware program simply exclude something like this and the e-balance online program does not?

Just for my understanding. Everything matches perfectly and there are no more errors.

Best regards,

Nicole"

I was unable to attach any files to my follow-up question, so here is the original e-balance sheet and P&L statement again. You had responded to it and I entered the numbers exactly as you specified into the Lexware accounting program. Unfortunately, the total liabilities/assets differ from the original balance sheet.
In the second attachment is the balance sheet when I execute the bookings you provided exactly. Now in the Lexware program.

Interestingly, the balances differ exactly by the amount of 28.13 €.

Thank you in advance for your help.

Best regards,
Nicole

Steuerberater Knut Christiansen

Hello!

The deviation results from the fact that the liabilities in the bank account are now shown on the liabilities side in the opening balance sheet, and not offset with the cash balance on the assets side. Therefore, the balance sheet total has increased by exactly 28.13 EUR.

The balance sheet totals on the assets and liabilities side are both equal at 31,216.95 EUR. So everything is fine. It can remain as it is.

The different presentation may be due to different settings regarding the offsetting.

I hope this has reassured you, if not, please feel free to contact me again.

Best regards and have a great Sunday!

Knut Christiansen
Tax advisor