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transfer accounts to a new fund

Posted: Tue Jan 31, 2012 1:20 pm
by fcpendleton
How do I transfer asset account income and expense accounts from one fund to a newly created fund?
I want to take the General Savings and put it into a new Savings Fund away from general operating
thanks for your help

Re: transfer accounts to a new fund

Posted: Tue Jan 31, 2012 2:28 pm
by JohnDMeyers
Assuming the "old" fund number is 01 and the "new" fund number is 02:

CR 01-1210-000 old savings $4,000
DB 01-9210-000 transfer $4,000

DB 02-1210-000 new savings $4,000
CR 02-9210-000 transfer $4,000