Search found 2 matches
- Fri Sep 03, 2010 1:39 pm
- Forum: Accounting
- Topic: Best way to fix incorrect beginning balance?
- Replies: 19
- Views: 9705
Re: Best way to fix incorrect beginning balance?
I did just as you said, except I created a level 6 account under Unrestricted Net Assets, as 01-3111-000, debiting 350 there, and crediting 350 to General Fund. Problem solved, I think! Anyway, I got it to reconcile with the bank statement. On to February! Thanks!
- Fri Sep 03, 2010 12:16 am
- Forum: Accounting
- Topic: Best way to fix incorrect beginning balance?
- Replies: 19
- Views: 9705
Best way to fix incorrect beginning balance?
It's September 2010. I'm setting up PowerChurch for the first time, wanting to include all transactions back to January 1, 2010. In the setup process, it asks for a beginning balance for the main (general fund) account. It says something like "from your books, NOT from your bank statement!" Well, si...