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Old 06-07-2017, 03:21 PM
Barbara143 Barbara143 is offline
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Duplications caused by AR Journal Entries

How do I adjust Journal Entries made to QB in a previous year. Our auditors did end of year Journal Entries to account for funds not received by the end of the year. The Journal Entries did not get zeroed out when the funds were received. The received funds zeroed out the Invoices and left the AR amount, which shows up as still due on the Balance Sheet.
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Old 06-07-2017, 03:35 PM
Froid Froid is online now
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Don't touch the prior year

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Originally Posted by Barbara143 View Post
How do I adjust Journal Entries made to QB in a previous year. Our auditors did end of year Journal Entries to account for funds not received by the end of the year. The Journal Entries did not get zeroed out when the funds were received. The received funds zeroed out the Invoices and left the AR amount, which shows up as still due on the Balance Sheet.
You can click on the box of the original QB j/e to make it reverse, then specify what month (in the new year) to post to. Or if they locked the period to prevent you from doing this, just create a new j/e with the debits and credits negating the original j/e's impact.
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