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, not an accountant, so I can't give advice, but I think what you've done is probably all you need to do. The expenses will have increased by that amount because they're no longer being reduced by the incorrect entry.
The journal would be an option INSTEAD of changing the invoice, not in addition to. One other thing to be aware of is whether the change was made after a BAS or any other reporting had been finalised.
