Begining Balances

[vicki]

Hello,
I really need assistance. Our church used PC in 2005, but only for contributions. The other modules were only used to test transactions, none real of course. Now we want to go-live for 2006. I can't seem to get rid of some erroneous begining fund and asset balances. I really don't want to wipe out everything and rebuild the whole entire general ledger chart of accounts. We were told that we could post contributions and A/P into fund accounting prior to setting up the begining fund and asset balances. Therefore we have all income and expenses posted to PC for Jan & Feb 2006.

I have deleted all old data from A/P, A/R, PR, and even Contributions. My Trial Balance and Accounting Fund Balance reports show an erroneous begining balance which should be ZERO! Just for fun, I tried to look back to see if I could find where the amount in my General Fund (01) first showed up.......back in 1859 (the year that is)! Actually will keep going back from there, possibly B.C. Help! what can I do? Please give me as much detail as possible, ready to scrap the PC and go back to QB & Excel.
Thank you, Vicki

[Zaphod]

To adjust your balances, all you'd need to do is enter a journal entry to put the balances where you need them. If you're zeroing them out, all you'd do is enter a transaction where you credit the bank account for the amount of its current balance, and debit the fund balance the same amount. Repeat this process for each of the accounts you have set up.