I have a client who mistakenly coded two income statement accounts as balance sheet type accounts. Because one is a debit and the other a credit for the same amount I was not out of balance when I compared the trial balance to FS.
I have performed a soft close for 2011.

If I had not performed the soft close, I would have just changed both types from BS to IS, since it was in the same year.

Since I have performed the soft close, can I fix the problem that same way? Just changing the BS to IS? I was afraid that since the soft close was performed a change in type would affect the intergrity of the data.

If not I will set up two new accounts with the type of IS, je the monies into them from the BS accounts in the 2011 year prior to me performing a hard close.

Thanks I appreicate any feed back.
I have since color coded the account list so a quick look will find this problem in the future. I love the fliters.
Joan