I've installed the module (not in the debug position but in the last one available in my template) and the correct code is showing up when I look at the page source code. But GA keeps saying that it cannot find the tracking code.

I read somewhere while searching the forums that the URL needs to point to the root and won't work with subdirectories. Now I'm wondering... our website is using the 8080 port (www.url.com:8080) temporarily for a number of reasons. Could this perhaps be causing a problem with GA?