Happy Monday!

A new SCorp referral...no payroll, no accounting system, no balance sheet or P&L etc....they will receive info from me in writing that this does not meet IRS requirements....

The prior tax preparer's Schedule L's  ending accumulated depreciation included is $59,400 less than what is showing up for prior year Accum Dep column on the depreciation schedules. No Section 179 or Bonus Dep taken in prior years.

Also, if I compare the deprecation expense taken last year, it is $4,500 more that the actual increase in Accum Dep on last year's Sch L.

All of the beginning balances for the figures mentioned above match what she had as ending balances when I converted the data...so that is not the issue.

Do I adjust my ending 2022 Sch L to match the Accum Dep on the deprecation schedules? If so, do I adjust against retained earnings first then add'l paid in capital?

Thank you in advance for your help as always. I so appreciate all of you...for your direct posts to my questions and those you've posted to help others!!