User Support Forum

Hi! I just found out that I coded an item on an invoice incorrectly. The item is posted in last month's financials. I know that I can do a reversal, but is there any reason why I just couldn't make an additional entry when I pay this month's bill that would correct the mistake? For example:

Debit the correct account
Credit the wrong account

This would zero out the transaction and get the mistake corrected.
I really don't want to do a reversal because it is on a credit card bill and all of the transactions would have to be re-entered.

Thanks!
Tena

Yes, you can enter an adjusting journal entry to moves expenses from one account to another. Just be sure to document, for future reference, what it is that you are correcting!

Thanks Zorak! That seemed a lot easier than doing a reversal.