Liability beginning balances

[pastorjj]

We have a liablity account set up for our Health Reimbursement agreement plan. Each year the amount of the agreement changes so I need to enter a new beginning balance in the account. V9 will not allow me to change the beginning balance from the maintain chart of accounts option - how to I go about doing this.??

Thank You
PJ

[Randy B]

From an accounting standpoint, you can not just adjust liability balances on your trial balance. Liaiblity balances carrying over from period to period. If you are increasing the liability I would debit the expense and credit the liability. Then when you pay the liability, debit the liability and credit cash.