User Support Forum

During setup, I made an error entering the amount of an outstanding cheque. I did not realize my mistake until I went to reconcile the bank statement. I can not see where I can correct this error. Being that it was entered during the set up process, do I have to make the adjustment through Net Assets. I am hoping someone has had a similar problem and can provide guidance on this. Thanks!!!!

The outstanding check needs to be corrected through net assets, just as you suspected.

To "adjust" the amount of the check, do this:

(if you need to decrease the amount in checking)
DB 01-3110-000 unrestricted net assets
CR 01-1110-000 checking

(if you need to increase the amount in checking)
CR 01-3110-000 unrestricted net assets
DB 01-1110-000 checking

Thanks for your reply. Tech support help me out in a different way by updating the database for me since it really was not a transaction. Your info will come in handy for my next errror!!!!