User Support Forum

We have upgraded to v.10 and I forgot to add our balance for Social Security Taxes Payable in the start up of Fund Accounting. Is there anyway to correct this without having to start over?

If you go into Accounting > Fund Accounting > Enter Transactions, you can post a transaction against the Social Security liability account to adjust in the beginning balance. It should look like the following:

01-2210-000 Social Security Payable (credit) 250.00
01-3110-000 Unrestricted Net Assets (debit) 250.00