Help with P&L
Hi all, Last month I accidentally recorded a sale to a client using an expense account (5-1000 materials) instead of posting it to an income account (4-1000). Because of this, the sale didn't ap...
Forum Discussion
Hi Dorothy_6770,
It’s totally understandable to get things mixed up sometimes—no worries, I’m here to help! When there’s a mix-up in accounts or you need to fix a transaction, it’s usually better to reverse the original entry and re-enter it instead of editing it directly. Making direct changes can throw off your account balances and make things a bit messy.
You can tidy things up with a journal entry, but it’s always a smart move to check in with your accountant first to make sure the adjustments are spot-on and to avoid any balance issues down the road.
Cheers,
Princess
