Account to Close

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fbcacctg
Posts: 24
Joined: Thu Jan 15, 2009 4:25 pm
Location: Avoca, NY
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Account to Close

Post by fbcacctg »

Hi,

I recently moved all of our missions from our general fund into it's own separate fund. However, we still have a missions expense account in our general fund. I just changed the equity account it closes to...and now my general fund balance shows a negative $185,000 whereas before the change it was correct at a positive $8,000. I remember reading something awhile back about what causes this, but I can't remember. Why does changing the account to close throw off my equity fund balances? I haven't even posted anything to this account...simply changed equity account it closes too.
Thanks.

JohnDMeyers
Posts: 1338
Joined: Sun Oct 07, 2007 9:50 am
Location: Potsdam, NY
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Re: Account to Close

Post by JohnDMeyers »

Did you change it to the Missions Fund equity?

In other words, do you have an 01-5xxx-000 closing to a 02-3xxx-000 equity?
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