Expense account not cleared out

Check to make sure the account was set up as an income statement account and
not a balance sheet account with an account number in the income statement
account number range.

Edward F. Fox, Jr., CPA
Controller
Maxson Automatic Machinery Company
Phone: 401-596-0162 x110
Fax: 401-596-1050
www.maxsonautomatic.com


-----Original Message-----
From: Wilmoth, Deb [mailto:Deb@...]
Sent: Tuesday, April 15, 2003 10:57 AM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Expense account not cleared out


Did someone make a reversing entry?

Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0


-----Original Message-----
From: aslep1 [mailto:annas@...]
Sent: Tuesday, April 15, 2003 9:50 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Expense account not cleared out


Has anyone run into the situation where an expense account beginning
balance wasn't set to 0 after the year end close?

We're looking at one account that has a beginning balance for the
beginning of the year.

Any suggestions?



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/



[Non-text portions of this message have been removed]



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Has anyone run into the situation where an expense account beginning
balance wasn't set to 0 after the year end close?

We're looking at one account that has a beginning balance for the
beginning of the year.

Any suggestions?
Did someone make a reversing entry?

Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0


-----Original Message-----
From: aslep1 [mailto:annas@...]
Sent: Tuesday, April 15, 2003 9:50 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Expense account not cleared out


Has anyone run into the situation where an expense account beginning
balance wasn't set to 0 after the year end close?

We're looking at one account that has a beginning balance for the
beginning of the year.

Any suggestions?



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/



[Non-text portions of this message have been removed]