Negative Accounts Payable After Temporary Year End Close

[lonegator21]

Using Progression 7.6, our accountant ran a temporary close. Everything is fine for last year when running reports. However, 2008 Accounts Payable is now showing negative $70,000. We ran into this same issue a couple of years ago but can't recall what the fix was. Does anyone have any ideas? Thanks!

 

[dgillz]

What version of Macola?

By "negative ap" do you mean a debit balance in the GL account? Or a negative ap aging report?

Software Sales, Training, Implementation and Support for Macola, eSynergy, and Crystal Reports

http://www.gainfocus.biz

"What version of URGENT!!! are you using?

 

[NEmacGuy]

Guessing your in GL, run recalc acct balance

 

[dgillz]

If it is your GL, you need to check to see that the AP account is properly marked as a balance sheet account. If it was marked P&L it would be closed out to retained earnings.

Software Sales, Training, Implementation and Support for Macola, eSynergy, and Crystal Reports

http://www.gainfocus.biz

"What version of URGENT!!! are you using?