I am a fairly new user, started the system Jan '07. However, payroll taxes were paid in January for the 4th qtr of '06. This is messing up my cash management report showing negative balances. Is there any way to adjust these balances to match only the '07 amts?
You could enter a transaction in Fund Accounting that Credits the liabilities for the 2006 amounts you paid. This will bring them back up to zero, or only the amounts for 2007, whichever is appropriate.
The offsetting Debit would be against the Fund Balance (or Equity / Net Assets) account.
