The general key for undo is Ctrl-Z. Press down Ctrl key and while pressing it press Z. This should do the trick.
Hi Suple,
Remember that QuickBooks, as an accounting data storage, is by nature both double
entry (DR/CR) and locked, subject to audit trail. In other words, there are strict limits to
writing to the database.
The reason behind this important aspect is required as we all need to have confidence that the input has integrity.
However I would like to give you a scenario from which you can get an idea if you can solve the issue ,
E.g.
Consider your team wrote a check last year to a vendor who never cashed it.
and then You entered the following entry for the adjustment:
DR - Accounts Payable
CR - Checking
You then made the payment from our wire account.
The problem now is that now you cannot reconcile the checking account because the $15k shows up as a deposit.
Now Should you have done a void instead? because you didn't want to affect closed periods.
The solution for you in this scenario would be :-
If have a closing date set (Edit > Preferences > Company Preferences), when you void a check (Edit > Void Check) you'll get a popup asking if you want QuickBooks to do the correcting journal entries for you.
The void with the correcting entries does the entries below, the first correcting entry (#2) reverses it in the prior year (bringing the prior year balances back to original) and the second entry (#3) reverses the first correcting entry in 2010, which is where you want it to be.
If you want to do them all manually, here are the three additional entries that make up a void.
Original check (prior year):
DR - accounts payable
CR - checking account
#1 - Void check (reverse original check in prior year):
DR - checking account
CR - accounts payable
#2 - First correcting entry (reverse voided check in prior year):
DR - accounts payable
CR - checking account
#3 - Second correcting entry (reverse original check in current year):
DR - checking account
CR - accounts payable
Please note - these journal entries entries will show up on your account reconciliation screen, so you'll need to remember to clear them even though they aren't shown on your checking account statement. Once you're done, you can enter your wire payment.
Hope this helps ..:)
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I need to know how and where to go to do a double journal entry to change the closing balance of the statement from a CR to a DR.
I need the guidance to navigate my way through the process.
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