"Fund Balance" out of balance
Posted: Wed Jul 22, 2020 12:50 pm
My "Fund Balance" is out of balance for a few funds.
For example: Fund 03 is short by $.02. Meanwhile, Fund 01 is over by $.02. How can I rectify this?
Below is the Balance Sheet for Fund 03:
ASSETS 1000
CURRENT ASSETS 1100
BANK ACCOUNTS 1110
CHECKING ACCOUNTS 1120
1ST BANK-Checking 1122 $9,456.53
TOTAL ASSETS $9,456.53
NET ASSETS 3000
Fund Balance 3200 $9,456.51
TOTAL FUND BALANCE 9,456.51
TOTAL LIABILITIES AND FUND BALANCE $9,456.51
Thank you!
For example: Fund 03 is short by $.02. Meanwhile, Fund 01 is over by $.02. How can I rectify this?
Below is the Balance Sheet for Fund 03:
ASSETS 1000
CURRENT ASSETS 1100
BANK ACCOUNTS 1110
CHECKING ACCOUNTS 1120
1ST BANK-Checking 1122 $9,456.53
TOTAL ASSETS $9,456.53
NET ASSETS 3000
Fund Balance 3200 $9,456.51
TOTAL FUND BALANCE 9,456.51
TOTAL LIABILITIES AND FUND BALANCE $9,456.51
Thank you!