Incorrect zeroed out account balances after closing year

• Non-close type accounts have closed to retained earnings at year end
• Close-type accounts haven’t closed to retained earnings at year end
• Balance Sheet has wrong account balance after closing year
• The account didn’t close after closing the year

 NOTE: The program closes out balances with the account types of Income, Expenses, Cost of Sales, and Equity-Gets Closed into the Retained Earnings Account. The most common cause for the incorrect account closing is due to assigning the wrong account type to a GL Account. 

1. Select Tasks, System, and then click Change Accounting Period.
2. Select Period 01, and then click OK.
3. Select Maintain, and then select Chart of Accounts.
4. Select the account that has the wrong Account Type.
5. Change Account Type to the correct type.
6. Click Save.
7. Repeat steps 4 through 6 for each account that requires a change.
8. Run the Chart of Accounts Journal Synchronization test.
9. Verify your account balances are correct.

Balance of my Retained Earnings account is incorrect after closing the Fiscal Year