Inventory accidentally
When setting up a new inventory item the parts guy accidentally pointed the part to the wrong asset account (i.e. not the parts account) which is completely unrelated. I discovered it when I was running GL report and sales were sitting in the wrong account. The inventory is now pointing to the correct GL account, however the incorrectly recorded sales (which have payments applied to them) are still pointing to the incorrect asset account. What's the best way to fix this up? One idea I had was to print off all the original invoices, delete all the applied payments, then delete the sales and recreate them all but i'm not sure whether this will have unintended consequences for inventory. Or should I be looking to reverse the sales instead? Any guidance on this would be greatly appreciated.
