Beginning Balance in new fund

rookie · Post by **rookie** » Fri Jan 11, 2008 12:51 am

Upgrading from V8 to V9, I am reorganizing and creating new funds for our Church departments. The first fund went well although quite laborious. I used the Accounting Setup Assistant to create the first fund which allowed/asked for beginning balances. The second fund did not use the Setup Assistant and my checkbook beginning balance is zero and I cannot change it.

In QuickBooks, one inputs the beginning balance when the account is created. How do I input the beginning balance in PC+?

Thanks for your help.

Matt · Post by **Matt** » Sat Jan 19, 2008 8:56 pm

Input the following entry in Fund Accounting to establish the beginning checking account balance in the new fund:

Debit 02-1110-000 Checking Account
Credit 02-3110-000 Unrestricted Net Assets

rookie · Post by **rookie** » Mon Jan 21, 2008 1:17 am

Thanks for your help. I figured it out last week.