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

Hi Joan

The soft close prevents you from changing the account type.

However, if there weren't too many transactions posted to those accounts, you could unpost any batches that contain activity for those two accounts. Then once the accounts have zero balances and no activity, change the type and repost the batches.

You could also restore from backup, export all next year batches and import them into the restored data, if there aren't too many next year batches.

Steve

Hi Joan,

Check out the Edit | Account Groups function and Mandatory Account Groups in the Company Profile to eliminate the possibility of this happening in the future!

Thanks for supporting Adagio!

Steve & Andrew,

Thank you both for the feed back.
I will proceed with caution.
Now I know exactly what I can and can not do which is the piece of the puzzle I needed before taking action.

Joan