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  #1  
Old 01-26-2017, 12:29 PM
saxahoya saxahoya is offline
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Join Date: Apr 2015
Posts: 30
Changing Account in Cleared Checks

I am using Enterprise Edition for Non-profits. I noticed I used the wrong account for several checks I wrote over the last few months for our healthcare.
To correct this should I just make a journal entry dated the same day as the check debiting the one account and crediting the other?
I incorrectly used "Insurance", an expense account, and should have used "Health Insurance Premium Payable", a current liability.
Thanks.

Last edited by saxahoya; 01-26-2017 at 12:36 PM. Reason: forgot to mention which accounts
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  #2  
Old 01-27-2017, 03:58 AM
Rustler Rustler is offline
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Location: Texas - The Republic
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Unless you want to redo the reconciliations, yes

debit the correct expense account
credit the original one
explain in the memo
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