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CFPHOR
Level 1

Hi - new to quickbooks. Is there a way I can check any EOFY for 18/19 balance changes/adjustments have occurred in 19/20?

 
1 Comment 1
Kass_B - Product Champion
Content Creator

Hi - new to quickbooks. Is there a way I can check any EOFY for 18/19 balance changes/adjustments have occurred in 19/20?

Hi CFPHOR,

 

Thanks for reaching out. This would be dependent on a number of factors; what specifically you may be looking for, what other activity has been recorded in the file and so on. Here's a couple of ideas to get you started:

 

Try running an Adjusting Journal Entry report. Any journals entered that have been marked as 'Adjusting Journals' when created will show up in this report:

 

  1. Go to the Reports tab, and in the search bar search 'Adjusting Journal Entries'.
  2. Adjust your date range as required when running the report. 

 

If you have been using QuickBooks Online to lodge (or mark as lodged) your BAS in the previous financial year, you can try running amendment reports to check for changes made since these periods were lodged. Keep in mind however that if you have 'unlodged' and 'relodged' your BAS periods in QuickBooks, these amendments are removed from this report.

 

  1. Go to the Reports tab, and in the search bar search 'GST Amendment'
  2. This report does not have a customisable date range but rather will show all amendments that have been recorded against lodged periods and haven't been removed by unlodging. You can change the GST Agency at the top of the page from the ATO to PAYG or so on as required.

 

Apart from these, QuickBooks also has an Audit Log accessed from the Settings icon (top right corner of the file) and each entry into the file itself has its own Audit History. Depending on what kind of history you are looking for, you can click into individual transactions to open them, select More at the bottom of the page, then Audit history to review this. Any changes made in this history will be highlighted in yellow. Additionally, as any other reports you run now will include changes made to previous periods, if you have reports extracted from the previous FY you can compare these to reports you run now for any changes.

 

-Kass