Accounting Beginning Balance Wrong

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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BaisleyCoC
Posts: 1
Joined: Mon Jan 13, 2014 3:04 pm

Accounting Beginning Balance Wrong

Post by BaisleyCoC »

Is it possible to change the BEGINNING balance that I put in when initially setting up Accounting? My checking account balance is wrong I can't reconcile accurately because of this error. Any assistance is appreciated. I'm new to Power Church.

JohnDMeyers
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Re: Accounting Beginning Balance Wrong

Post by JohnDMeyers »

To make an increase in the beginning balance:
DB 01-1110-000 $100
CR 01-3110-000 $100

To make a decrease in the beginning balance:
CR 01-1110-000 $100
DB 01-3110-000 $100

You may want to date the transaction Jan. 1 2014 and post in January, if that month is still open. Otherwise, post in your current working month.
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