BBF for Sub-Accounts

[Alaraujo]

I want to enter year-end balances for the various sub-accounts in our checking account to start out our 2013.
I entered the new balances as such:
d: unrestricted Net Assets $1000
c: Ministry name $1000

But when I print out the Sub-Account Report, the $1000 shows up in the 'Period' column. I was hoping that it would show up in the Beg. Balance.

What say you?

[Matt]

What month does your fiscal year start in? And what month did you input the transactions in? And when you input the credit to the Ministry Name was this a credit to a restricted equity account?

[Alaraujo]

Fiscal yr is Jan to Dec and i dated the entry Jan 1. That was my mistake, wasn't it? The entry should have been dated 12/31 of last yr........correct?

[JohnDMeyers]

Your posting month would have to be set to Dec 2012 and the transaction dated 12/31/2012.

When you close Dec 2012, the balance will show up as a beginning balance in 2013.

However, you have the debit and credit mixed up. It should be:
DB 01-1110-101 ministry name $1000
CR 01-3110-000 unrestricted net assets $1000

[Alaraujo]

Got it. Thank you for your help.