No Starting Balance-How do I do it?

[LL-EDENCOB]

I am just getting started with PC (on line). We started entering and posting to fund accounting all of the contributions starting with Jan. 2009. I think that is going ok, but now I am beginning to go back and enter all of the paid items. I have several questions.

1. I set-up the checking and several savings accounts with starting balances of 0. I would now like to enter the actual starting balances as of Jan. 1, 2009, but I had set the starting month to Jan. 2009, so it won't let me enter the balances in the month of Dec. 2008. From reading the Forum entries, it sounds like maybe I can "Delete Old Data" in Fund Accounting. What will happen to the contributions that were posted to Fund Accounting if I do that?

2. How do I actually enter the starting balances?
A. for Main Checking acct....... debit main checking, credit unrestricted net assets?
B. for Building Fund (savings acct)......debit Building Fund asset acct., credit Restricted Building Fund net asset (equity) account?

Is this correct?

[JohnDMeyers]

I can answer #2.

A. yes
B. yes. I am guessing there is a temporary restriction on the building fund, so use the appropriate equity fund number.