Question
Changing an expense
I recently started with a retailer that previously used a third-party CPA to take care of the books. This third-party had categorized as an expense something that is clearly a transfer from a savings account at one bank to checking account in another bank. So currently in the report it is showing the transfer out as a positive expense and the transfer in as a negative expense.
Does an easy way to accurately show that this was a transfer and not an expense exist? Thanks for any help you can give.