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Accounting Beginning Balance Wrong
Posted: Sun Mar 23, 2014 8:13 pm
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.
Re: Accounting Beginning Balance Wrong
Posted: Mon Mar 24, 2014 6:49 am
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.