Schedule M-2 and Form 100S ending balances don't equal

If you reconcile your California Schedule M-2 on a tax basis, it is possible that the ending balances of the accounts won't match the ending balance of the retained earnings on Form 100S, Schedule L, Side 3, line 23.
Use the
Timing Differences
fields in the Schedule M-2 section in the CAMs screen to reconcile the year-end Schedule M-2 balances to the total retained earnings on the Schedule L balance sheet. If you reconcile your Schedule M-2 on a book basis, it's not likely that you use this account for Schedule M-2 reconciliation. If you reconcile your Schedule M-2 on a tax basis, this account is helpful in tracking book / tax timing differences.
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