User Support Forum

It was brought to my attention that there was a bill that was charged to the wrong expense account from back in March.

Being new to this fund accounting, I just entered an adjusting entry posting in september crediting the original expense account and debiting the correct expense account.

I am wondering if this is an acceptable way to make this adjustment. Or do I need to go back into a/p and make adjustments to the original bill that posted back in march?

Thanks!

Mindy

As long as you clearly document the transaction it should be fine. Once the original transaction is posted you can not do anything to it anyway other than voiding the check and re-entering the transaction. This can be a little messy and if the March accounting month is not still open you would then need to enter it into the wrong month. I think the way you have done it is the best, again provided it is well documented in the box in the lower left hand corner of the Enter Transactions window.

So I did something right? That is awesome!

Thanks so much!

Mindy