GL Beginning Balances

Mar 11, 2005 1 Replies

I'm hoping somebody can help me. I switched from Classic Version 13 to Peachtree Complete 2004 as of 1/1/04. The program did the transfer from the old version to the new, and I have been out of balance due to retained earnings since. The program made an adjustment to "Beginning Balance Equity" to get it in balance. I have tried to change my beginning balances to fix this problem, but when I say OK to save and go back in, they aren't saved. Does anybody know how I can fix this problem? Even with the beginning balance equity account, my assets don't equal my liabilities/capital.



Thanks for any help.



Sharon Anderson


When you are making changes to beginning balances you must also do the net offset to retained earnings. It does part of it, but not like I want it. I had a similar problem when I first set up a manual system to peachtree.

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