User Support Forum

If I initially set up the restricted accounts incorrectly and/or have not run a 'released from restriction' transaction when using the funds...what is the best way to zero out these accounts and start over - not all of accounting - just the temp. restricted funds? When I set them back up, I'll be sure to use the wizard.

Kathy

I'm hoping you mean that you have a few transactions in one or two accounts. If you have years-worth of transactions in multiple accounts, that would be difficult.

So, I'll show you one example, and hopefully you can duplicate it accordingly. You say you have no release transactions. That's good, in this case. Less stuff to make corrections on.

You probably have two accounts. One income and one equity per restriction.
Let's say you have this:
01-4210-000 restricted income $1,200 -->closes to 01-3210-000
01-3210-000 restricted equity $1,200

You will want to move the restricted income into general tithes and offerings, and presumably move it back after you make the corrections using the wizard. This will simultaneously move the equity account amount. Just run a Balance Sheet report before and after you make this transaction and you will see the equity automatically correct itself.
DB 01-4210-000 restricted income $1,200
CR 01-4010-000 tithes and offerings $1,200
[post transaction - equity account will auto-correct]

Run the wizard and create the new restricted accounts. (you may have to use new account numbers, since these have been used).

After you are done setting up the restrictions, you can use the Contribution module to record any NEW income. However, you will have to manually put the $1,200 back like this (note the new account number)
CR 01-4212-000 restricted income $1,200 -->closes to 01-3212-000
DB 01-4010-000 tithes and offerings $1,200
[post transaction - equity account will auto-correct]

Once again, the equity will automatically update, which you can confirm by running a Balance Sheet report before and after posting the transaction.