Trial Balance Report does not match after the upgrading to QuickBooks 2002

Legacy KB ID: 479

Question

Why does my Trial Balance Report not match my previous version after the upgrading to QuickBooks 2002?

Answer

In previous versions of QuickBooks, the tax component was included when the item was received and because of this it was posted to the Tax Payable account. In QuickBooks 2002 the tax component is only included when the Bill is received thus the tax component is posted when you receive the bill. Note: Due to the above you will also notice a difference in the Tax Payable account after the upgrade. Who is affected? Those that have received items separate to bills.

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