User Support Forum

3rd July, 08


The print out Activity Report for the month of January 2008 indicates the opening balance in the Coast Capital Operating account 01-1110-000 as
$ 12942.21

As per the Bank Statement ending 31st December 2007 the bank balance is $ 13984.25.

a) Is there a way to change the opening balance figure to reflect the bank statement as at 31st December 2007?

b) I will be installing the new Version 10.4 to replace the existing version 9.0. Once I have done installing the new version, can I add the oustanding cheques from December 2007 so I can use the program to do the bank reconcilliation for Jan 2008.

Thanks for your advice.

Regards

Osvaldo De Souza

If the difference between the bank statement balance and the 01-1110 account balance as of December 31 is due to outstanding checks you do not want to change the opening balance. If the 01-1110 account balance is incorrect you can correct this by inputting an entry in Fund Accounting and posting it to December 2007, assuming that month is still open in PowerChurch.