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Unregistered
07-10-2001, 01:01 PM
PLEASE SOMEONE HELP!!!

This is a corporation with a July 31 fiscal year end. We converted from DOS to Windows to begin the new year at 8/1/99. We entered g/l balances as of 7/31/99. Balance sheet has never balanced, and retained earnings balance is high, by the net income of 7/31/99 - - perhaps the close was not successful.

Question: How can I adjust the balance in retained earnings without disturbing any other account? If I try to make a one-sided JE, the program "balances" the balance sheet by making a program-generated entry to Open Balance Equity, resulting in the same out-of-balance on the balance sheet.

I appreciate any help. Thank you. -Leonard