User Support Forum

Good Evening I hope someone can help me. I am using version 9 and I am new at this. My Checking account is in balance (03-1120) I have checked it against the bank statement. However, my balance in Fund #03 shows $55.00 more than my checking account. I am pretty sure I know what I did originally and I thought I fixed but I now realize I did not. Here is what I did.

01-1120 5.00 Debit
03-4210 5.00 Credit
01-1120 50.00 Debit
03-4210 50.00 Credit

Not sure why I did the next move but this is what I did:
01-1120 55.00 Credit
01-3110 55.00 Debit

I then tried to fix the checking account being off 55.00 by:
03-1120 55.00 Debit
03-3110 55.00 Credit

I realize I goof up big time can anyone help me
Thanks
Dave

Dave,

Based on what you describe, your trial balance for Funds 01 and 03 should both be out of balance by $55--Fund 01 being a debit and Fund 03 a credit. To fix, input the following entry:

Debit 03-3110 55.00
Credit 01-3110 55.00

That will bring you back into balance.

Matt

Matt,

Thank you so much. WHat you said to do worked

Dave