Zeroing a fund balance

[martha]

I am currently using PCP V9. I have a particular fund that has an untrue balance, how can I change that fund balance to show a zero balance?
Thank you

[Matt]

In order to zero the fund balance out you need to know where the offset is sitting. To find out, run a trial balance report on that fund. I'm guessing the offset is sitting in the checking account. If so, in order to clear you would make the following entry (assuming the fund balance is a credit):

Debit Fund Balance (3xxx series account)
Credit checking account (1110)

You'll then need to make the opposite entry in the fund where you want to transfer this balance to, e.g.

Debit checking account (1110)
Credit Fund Balance (3xxx series account)