Account balances

zionlutheran · Post by **zionlutheran** » Thu Jan 24, 2008 11:35 am

We have upgraded to v.10 and I forgot to add our balance for Social Security Taxes Payable in the start up of Fund Accounting. Is there anyway to correct this without having to start over?

Post by **Zorak** » Thu Jan 24, 2008 5:48 pm

If you go into Accounting > Fund Accounting > Enter Transactions, you can post a transaction against the Social Security liability account to adjust in the beginning balance. It should look like the following:

01-2210-000 Social Security Payable (credit) 250.00
01-3110-000 Unrestricted Net Assets (debit) 250.00