Re-Designating sub accounts from posted trans.

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ShannonW
Posts: 2
Joined: Tue Nov 13, 2018 11:23 am

Re-Designating sub accounts from posted trans.

Post by ShannonW »

I think I already know the answer to this question; I need to reverse said transactions and re-do them to the correct sub account.
I'm the new Administrator and after I was asked to print this years accounting info, we noticed that certain transactions were improperly applied to the wrong designations. I am assuming the only way to fix this, as they are already posted, is to reverse them and re-do said transactions? There are only a handful, anyway. :wink:

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Re-Designating sub accounts from posted trans.

Post by NeilZ »

ShannonW wrote:I think I already know the answer to this question; I need to reverse said transactions and re-do them to the correct sub account.
I'm the new Administrator and after I was asked to print this years accounting info, we noticed that certain transactions were improperly applied to the wrong designations. I am assuming the only way to fix this, as they are already posted, is to reverse them and re-do said transactions? There are only a handful, anyway. :wink:
Probably. However, if the transaction was created in Accounts Payable, you should VOID the existing check transaction, and reenter using a MANUAL CHECK.

Basically, you'd use the same check number, date, checking account and amount, and just change the expense account used.

If the transaction was created in Funds Accounting, you can just reverse and enter a replacement transaction, again using the correct expense account.

Does this help?
Neil Zampella

Using PC+ since 1999.

ShannonW
Posts: 2
Joined: Tue Nov 13, 2018 11:23 am

Re: Re-Designating sub accounts from posted trans.

Post by ShannonW »

Yes! Thank you so much! :D

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Re-Designating sub accounts from posted trans.

Post by NeilZ »

ShannonW wrote:Yes! Thank you so much! :D
No problem .. just want to clarify .. you VOID those AP transactions IN Accounts Payable and reenter there using a manual check .. I wasn't clear in my original posting.
Neil Zampella

Using PC+ since 1999.

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