Forum Discussion

Robert119's avatar
3 years ago

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 accoun...
  • Tracey_H's avatar
    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.

     

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