User Support Forum

Hi all,

I am hoping I didn't create too large of a mess......

We purchased PC+ 9.0 at the beginning of December. While I was setting up the COA, I entered the current bank balance for the starting balance of our General Funds (Fund 01).

Later, I found out that the treasurer had written a bunch of checks at the end of December that hadn't been entered yet. Since I didn't want to have to start over (again), and we didn't want the checks from December showing up in January, I just did one, big correction transaction. I credited the bank account, and debited a new account I created called "Corrections".

The problem is, the corrections transaction is showing up in all of my monthly reports!

How can I balance this back out? Is there a way to get that transaction removed, or zeroed out? If so, how would I set up the transaction? The council has been pretty understanding about the transition pains from Quickbooks in 2004 to PC+ in 2005, but I really don't want the YTD reports showing a $4600 transaction that by all rights occured last year.

Can I reverse this and just change the starting balance somehow?

Thanks!!!!

--Joe Jansen

When you create your chart of accounts through the accounting setup assistant, the beginning balances are entered by a journal entry the assistant creates. If you look at your journal report, you should see that transaction. To adjust a beginning balance on your bank, you enter a new transaction which credits the bank and debits the fund balance (unrestricted net assets) equity account. This transaction will reduce your balance by the amount you specify. If you needed to increase your balance, you would debit the bank, credit the fund balance.