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Author
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Topic: Contributing $ to Net Worth
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FN_User
Member
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posted 12-28-2007 11:34 AM
 
I found a checking account that was entered in the checking and in the savings/money market accounts. I need to send the beginning balance back to net worth since it was taken out twice. I do not find a net worth category/account. Is that because it is only used in the reports? I know I need to add the money back into owners equity but I am not sure how to go about it because I am not sure what entries they used to get money out of net worth into each account that was set up.
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David
Administrator
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posted 12-28-2007 12:16 PM
Net worth is a calculated amount. It is simply assets minus liabilities. There is no direct way to change it.
One thing you might try is to change retained earnings. Go to Accounts | Equity Name Changes to change this. This might be appropriate since it sounds like the error occurred in a prior year.See also - David
FNI Technical Support
Case #38-10463 [This message has been edited by David (edited 12-28-2007).]
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