Posted in wrong account

[Jeanie]

How do I change the fund account code once posted? Here is what I did. I wrote a check to a place for repair work on van. I put it under vans but the wrong one, it went to insurance for vans instead of maintenance for vans so when printed report it showed we had spent x amount on insurance and none on repairs. How do I change this to the right account. I looked on here and in book. All I could find in book was a reverse but it reverses the amount not where it was put int he chart of accounts. Hope I am making myself clear. thanks for any help.
Jeanie

[Zorak]

The reverse will create a transaction that does the opposite of the transaction you are reversing. This takes the balances back down to $0 difference. You would then enter the transaction again using the correct account.

Instead of reversing, you could enter a transaction to "move" the balance out of the wrong account into the correct one:

01-5550-000 van insurance (credit) $500
01-5560-000 van repairs (debit) $500

[Jeanie]

thank you I will try one of those. Appreciate the help.