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Why does the balance sheet not balance?
Why does the balance sheet not balance?

Cradle only provides the applicable lease accounting balances. As a result, it's not a complete balance sheet, and it will not balance.

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Written by Support
Updated over a week ago

For example, with assets, Cradle does not include cash. Why? Because we don't know your company's cash balance:

Then we have Equity. This is where we capture applicable Right of Use Asset clearing accounts impacted when transitioning to the new lease accounting standard:

More on that here.

Suppose you want to view your balance sheet with all other accounts, such as PPE, Accounts Receivable, etc. We recommend importing the Journal Report to your applicable GL. You'll want to set up your Chart of Accounts to do that.

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