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Chris Torella
Level 3

reclassifying an old transaction

In Dec of 2020 I booked a customer payment as paid. In reality it should have been paid in Jan of 2021 (i transposed the deposit dates). The payment now shows on the 2020 balance sheet which is obviously incorrect. Can I simply re-book the transaction to January 2021 without throwing off all my '21 bank reconciliations?

 

thanks - from a novice...

2 Comments 2
BigRedConsulting
Community Champion

reclassifying an old transaction

I think all you need to do is edit the deposit and change the date to the date you actually deposited it.

Chris Torella
Level 3

reclassifying an old transaction

that's what i'm hoping - but I'm always fearful of what changes will cause my banks recs to go out of whack!

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