We just completed our FY 2006 (yes, I am late) compilation with a CPA.
Our FY 2006 trial balance is out of balance as of 12-31-06. The amount out of balance is equal to the sum of funds that SHOULD have been released from restriction, but weren't. And, yes, the FY 2006 year is closed by virture of the December 2006 month being closed.
How do I correct this?
Trial Balance and Restricted Accounts
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