If the account being closed and the new account are in the same pool, then enter the amount of the account being closed as a negative amount on the reconciliation tab on the disbursements line and enter the same amount as a positive amount on the reconciliation tab of the new account on the disbursements line. The disbursements line should net to zero.  

If the account being closed and the new account are in two separate pools, then do a journal entry to move the money from the old pool to the new pool by debiting the new pool GL account and crediting the old pool GL account.  

If you have closed the account and discover that transactions are still unreconciled in the closed investment account, navigate to the Account tab in FACTS and re-open the account by clearing the closed date on the investment account. Then either move the transactions to an open investment account by clicking on them and changing the investment account or if this is the first unreconciled cycle since closure, reconcile the bank account as if it were still open using the disbursement line to move the value of the transactions to an open account.  Confirm that the deposit and disbursement accounts on the pool record are pointing to an open investment account.  Once the transactions have all been accounted for, the account balance is back at $0, and the cycle processed, enter in a new closed date on the investment account to once again remove it from the reconciliation cycle..


For additional information, please refer to FIMS Help or contact FIMS Support.