Beginning bank account balance

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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prescottorthodox
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Joined: Tue Oct 11, 2005 5:00 pm
Location: Prescott, Arizona
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Beginning bank account balance

Post by prescottorthodox »

:?
I am brand new to PCP 9 and have practically no accounting background. Yesterday I finished setting up our church's account fund and putting in budget information. Today I realized I forgot to put in the beginning balance for our savings account. How can I add this in now? (Please don't tell me I need to start all over.)
Prescott Orthodox

Zoe
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Post by Zoe »

You'll just need to enter an adjusting entry to get the balance in there. It would be a debit to the savings account and a credit to the Unrestricted Net Assets account (this should be account number 3110).
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