In QuickBooks balance sheet, the total amount of assets must be equal to the total amount of liability and total equity. Having a contrast between the aggregate of assets and the aggregate of the liabilities and equity implies that something isn’t right and displays QuickBooks balance sheet out of balance. In QuickBooks, it is conceivable to have either the cash basis or accrual basis that are not adjusted. In any case, in certain occurrences, both report types show an inconsistency in your balance sheet.