Since the new year is already created, you would have to do a GL entry to take the amount out of the incorrect closing account (debit), and then credit the correct closing account. To prevent this from happening in the future there are a couple of things you can do to make sure it does not happen again:
- Specify the correct closing account for those departments in the segment icon in GL options
- Go through each Revenue and Expense account, and at the bottom where it says “Close to Segment’, select ‘Department’ so that it will look to the department to find the closing account. If not, it assumes the default closing account specified in GL options
