What is the "Initial Balance Plug" on my balance sheet?

For a balance sheet to balance, Assets = Liabilities + Owner’s Equity.

When you put in your initial balances, if your balance sheet does not balance, then we calculate the amount needed to force the balance sheet to balance, and put it in as “Initial Balance Plug”.  This way your balance sheet always balances.

If you see this value, you may have entered your initial balances incorrectly.  You can always edit your initial balances by:

1. Go to Reports in Azibo
2. Click on Balance Sheet
3. Click on “Edit beginning balances” in the upper right
4. Select the appropriate property, edit your balances, and click on apply changes