Zeroing Out Old Accounts
Posted: Wed May 15, 2019 12:18 pm
Can anyone help me with a historical problem!
More than 10 years ago, amounts were entered into some sub accounts for Bequests. According to both the previous book keeper and adm assistant, those are not actual funds (real dollars) and should be zeroed out -- but they never knew how to do it. There doesn't seem to be any evidence of a transfer along the way, just the initial entry for funds.
Any suggestions on how to zero these out without impacting another account as a positive? I have added a note on each account and they are inactive, but still show up on reports. (Better than the penciled in note on an old version of the Chart of Accounts...)
GIGO people!
More than 10 years ago, amounts were entered into some sub accounts for Bequests. According to both the previous book keeper and adm assistant, those are not actual funds (real dollars) and should be zeroed out -- but they never knew how to do it. There doesn't seem to be any evidence of a transfer along the way, just the initial entry for funds.
Any suggestions on how to zero these out without impacting another account as a positive? I have added a note on each account and they are inactive, but still show up on reports. (Better than the penciled in note on an old version of the Chart of Accounts...)
GIGO people!