PSA L&P - Projects: How to enter a beginning balance for a project

How to enter a beginning balance for a project

Use a journal entry to create a beginning balance for a project. In the journal entry, debit and credit the same account and enter the project name on the same line as the credit. Do not enter the project on both lines of the journal entry.

 

Once the beginning balance is recorded, the journal entry will be on the Project Report, and the project will have a positive balance.

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