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Robert119's avatar
Robert119
User
3 years ago
Solved

Asset Account

I have an asset account with Trade Dollars 50k in it (has not been used for 3 years, the company (local sporting club) wishes it removed from the accounts.  How do I remove the amount from the account?

  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi Robert119 

     

    Thanks for your post. The only way to remove a balance from an account is to move it to another account by recording a transaction. In this case you'll need to speak to the accountant about a general journal to clear that account.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    3 years ago

    Hi Robert119 

     

    Thanks for your post. The only way to remove a balance from an account is to move it to another account by recording a transaction. In this case you'll need to speak to the accountant about a general journal to clear that account.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.