Resetting New Bank Balance

[Alaraujo]

I went thru the set-up of the accounting module, including inputting the beginning balance.
After setting up our new Chart of Accounts, I discovered that I had entered the wrong beginning bank balance.
How can I rectify that?

[JohnDMeyers]

To raise it $100.00
DB 01-1110-000 checking $100.00
CR 01-3110-000 unrestricted net assets $100.00

To lower it $100.00
CR 01-1110-000 checking $100.00
DB 01-3110-000 unrestricted net assets $100.00

Setting up a beginning balance is one of the few times where you want to transact an equity account directly.

[Alaraujo]

Thank you. Much appreciated.