User Support Forum

v.9 PC+
I made a new start on the accounting in January this year. I had three temporarily restricted balances to enter, which I put into equity accounts, for example $10.00 in Poinsettias 01-3212-102. A couple weeks later, I released the $10.00 restriction via 01-4812-102. However, the equity balance remains
at $10.00.

On the other hand, the new income for poinsettias $157.00, entered through 01-4212-102, does not show in the equity account at all. These accounts are all set to close to 01-3212-102. Maybe I don't know how equity accounts work.

I saw a recommendation to create subaccounts in my checking account to keep track of temporarily restricted balances, but then I noticed that was for Power Church versions earlier than 9, and that I shouldn't need to do that, but the equity balances are not working for me.

Clare Stokes

What reports are you looking at to see the balance in your Poinsettias account?

I'm looking at Sub-account Report, Trial Balance, and Account Activities--not sure, they are not all in front of me right now. Anyhow the equity accounts of the Sub-account Report and the Trial Balance show the original start balances only.

However, the Balance Sheet looks nicely correct!

Maybe I should just not look at the equity accounts themselves. All the others set "to close to it" add together with them, right?

Thanks.

The sub-account and the Trial Balance reports are not going to the show the equity accounts updated with the amounts that close to them. Take a look at the Balance Sheet, Account Activity, or the Changes in Equity reports. All these reports show the equity account with the amounts from the income & expense statement closed into them.