PSA L&P - Accounts: How to resolve "too many year-end equity accounts"

How to resolve "too many year-end equity accounts"

To see the Net Asset account that is linked to the year-end process:

  • Review the warning; it will tell you which Equity Account is causing an issue. 
  • Go to Process → End of Year

You will see the Net Assets accounts associated with the Entity. If there is more than one showing for an Entity:

  • You will need to choose which one you want to use for the year-end process.
  • The remaining will need to be detached from the end-of-year process. Contact Support to have the account detached. 

If you do not see an entity on the screen, the entity probably does not have any income or expense transactions.   
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To see all of your Net Asset Accounts

  • Go to Reports 
  • Accounts → List 
  • Choose the account type Net Asset
  • Check the box to show the account code
  • Review the Report
  • This will list the Entities and the Net Asset Accounts associated with the entity
  • If there is more than one net asset account for an entity decide which net asset account should be used


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