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Year End closing!

Last post 05-24-2006 2:13 PM by Jindu Okwumabua. 0 replies.
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  • 05-24-2006 2:13 PM

    • Jindu Okwumabua
    • Not Ranked
    • Posts 2
    • Organization: National Foundation for Teaching Entrepreneurship

    Year End closing!

    We initialized the blackbaud with balance sheet and total assets tied with Liabilities & Net assets. However, Net assets section for the three funds does not tie to our begining balance. It appears that the system is creating for the three funds a closing net assets accounts as if we had income and expense.Note that we have multiple net asset divisions. Does anyone knows why the system is creating a closing account and how do we correct this.
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