New User here - using power church online.
i did something stupid, and one of my temporarily restricted accounts now has a negative opening balance.
The true opening balance for this account should be $0.
I did create some transactions, but i backed them all out and am starting fresh.
All the reports i've run confirm that,
I cannot find the transaction that caused this,
Is there any way to reset the opening balance for this account?
Thanks in advance for any help
Negative opening balance
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Re: Negative opening balance
If the only problem balance is a restricted equity account balance, you should be able to resolve this by entering a transaction in Fund Accounting > Enter Transactions that looks something like this:
01-3210-000 Restricted Equity (Credit) $100
01-3110-000 Unrestricted Equity (Debit) $100
Where $100 is the amount of the negative balance. Adding that amount back into the restricted equity account will bring it to zero.
01-3210-000 Restricted Equity (Credit) $100
01-3110-000 Unrestricted Equity (Debit) $100
Where $100 is the amount of the negative balance. Adding that amount back into the restricted equity account will bring it to zero.