User Support Forum

I am not an accountant so I am unfamiliar with the appropriate terminology but here goes with my question.
Previous treasurer had failed to enter all tranasactions from bank account into Power Church, so everytime we run reports our balances are incorrect. Now that we have had the audit and find all is correct as far as the real books, how can I adjust my end of year or end of month statements to clear the past errors from being carried year to year?

If you mean your balances are off when reconciling your checking account, or other bank accounts, you should use PowerChurch's reconciliation and determine what it not entered, or what is entered incorrectly and make an adjustment.

If you mean your assets don't equal your equity plus liabilities, then you will have to make a correction entry that your church board or a CPA agree upon. (you can ask the person who did your audit, for example).

The balances are off when doing a reconciliation. They are from 4 years ago. I believe those years have been closed but it transfers to the next year and I need to address this situation. Thank You