Account to Close
Posted: Sat Feb 06, 2010 11:25 pm
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.
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.