Solved

Edit previous account entries

Posted on 2010-08-12
4
293 Views
Last Modified: 2012-05-10
Hi

We are currently using quickbooks, we did wrong entries a couple of months ago, for example we hired a guys to help us reorganize the wires in the server room, the bookkeeper recorded them as computer equipments,  now we now that's not computer equipments, it should be recorded in Consultant Expenses.
Can i directly change my entry(entered 2 months ago), or do i have to enter a current credit on Computer expenses and enter a new debit on Consultant fee.
In other words can go back in time and just edit the previously entered transaction or do i have to it with the current date.

Please explain and advise
0
Comment
Question by:titorober23
  • 2
4 Comments
 
LVL 3

Expert Comment

by:Viperhawke
ID: 33424142
Yes you can go back and change it. QB will ask you if you are sure, since its in the past.
0
 
LVL 11

Accepted Solution

by:
stlinae earned 150 total points
ID: 33427191
Yes, QB will let you go back and directly change entries (Assuming there isn't a closing date and password set), but whether you should or not would depend on your accountant and how your books are done.  

If all your doing is changing accounts, and no reporting to 'government like' agencies have been done since they were entered, you should be alright in changing them.  As no one here knows your books, I would strongly suggest talking with your accountant/tax professional for their suggestions.
0
 

Author Comment

by:titorober23
ID: 33429355
I am just reorganizing previous entries, they were categorized in wrong accounts.
Not changing ammounts, just changing categories.
0
 

Author Comment

by:titorober23
ID: 37807154
I am just reorganizing previous entries, they were categorized in wrong accounts.
Not changing ammounts, just changing categories.
0

Featured Post

How to run any project with ease

Manage projects of all sizes how you want. Great for personal to-do lists, project milestones, team priorities and launch plans.
- Combine task lists, docs, spreadsheets, and chat in one
- View and edit from mobile/offline
- Cut down on emails

Join & Write a Comment

By Linda Saltz Customized item descriptions from bills DO import into a customer invoice!   This is a wonderful tip for companies that want to use generic items like Hardware, Software, Mileage, Travel in their item list which helps keep the i…
You may need to view past transactions from previous QuickBooks files or other QuickBooks company files when:       1. you are working in another QuickBooks file       2. QuickBooks is closed QuickBooks users who would benefit from this artic…
This video discusses moving either the default database or any database to a new volume.
Polish reports in Access so they look terrific. Take yourself to another level. Equations, Back Color, Alternate Back Color. Write easy VBA Code. Tighten space to use less pages. Launch report from a menu, considering criteria only when it is filled…

708 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

12 Experts available now in Live!

Get 1:1 Help Now