TurboTax Business Incorporated 2019, and Quickbooks Desktop 2020 Pro. Problem: S100 "Total assets" not equal to "Total liabilities and equality" due to last year's Retained Earning was not counted in by TurboTax. More details: TurboTax input data from QuickBooks. The Quickbooks's TrialBalance and BalanceSheet are balanced. The GIFI table (generated by TurboTax during input from QuickBooks) has a Retained Earning (GIFI 3680) of 178,678.45 from year 2018. This 178,678.45 does not show on S100. Instead it show 22,932 (GIFI 3600). On S100, "Total assets" = 163,774. "Total liabilities and equality"=342,455. These 2 numbers should be equal. But there is a difference of 178,678 (which is the GIFI 3680 mentioned above) plus a common shares of value 1.00. How do I make the S100 balanced?
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