Starting Balances for Restart

[DebbieR]

I am planning an accounting restart. My year began Jan 1. So far all we have posted are January contributions. I am wanting to make sure I know where to get the account balances. I am thinking December bank statement - outstanding checks + posted contributions = current balance. And as those will not be on my reconcile bank sheet, I will have to add them up and mark them off as cleared.

Or am I missing something? Is it possible to repost since records of Jan activity is gone?

And I have not checked, Can I give sub-accounts their balances?

[JohnDMeyers]

I would use 12/31/12 bank balance as a starting point, and enter all checks and deposits not on the bank statement in the outstanding checks and deposits in the wizard.

You can enter other bank accounts by name and amount, only. If you want to assign these accounts specific account numbers or sub-account numbers, I would suggest you enter them in the wizard, by name, and move the accounts to appropriate account/sub-account numbers after you complete the setup wizard.

[DebbieR]

Thanks John. After I posted the question, I then realized that I could do just that and have a record of the deposits and checks. I also realized it was kind of a dumb question, but putting it in words helped me clarify the issues.

I am still a little fuzzy on the sub-account issue, but I can figure it out, I think.

[JohnDMeyers]

Sub-accounts.

If you have a second checking account that is:
01-1110-110

and you enter it in the wizard, you can call it "Second Checking Acct" and I believe PowerChurch will assign an account number to it. I have no idea what that will be, but let's say it is 01-1112-000.

After you are through with the wizard, you can go into Fund Account / Setup / Maintain Chart of Accounts, and locate 01-1112-000 and edit the account number to be 01-1110-110 and SAVE.