There was a time on earth when in the book of Heav’n An old account was standing for sins yet unforgiv’n; My name was at the top, and many things below— I went unto the Keeper, and settled long ago.
Refrain: Long ago, long ago, Yes, the old account was settled long ago; And the record’s clear today, for He washed my sins away, When the old account was settled long ago.
The old account was large, and growing every day, For I was always sinning, and never tried to pay; But when I looked ahead, and saw such pain and woe, I said that I would settle—I settled long ago.
When in that happy home, my Savior’s home above, I’ll sing redemption’s story, and praise Him for His love; I’ll not forget that book, with pages white as snow, Because I came and settled, and settled long ago.
O sinner, trust the Lord, be cleansed of all your sin, For thus He hath provided for you to enter in; And then if you should live a hundred years below, Up there you’ll not regret it—you settled long ago.
The Cyber Hymnal (http://www.hymntime.com/tch/htm/o/l/d/oldaccnt.htm)