Ledger Adjustment Transactions / Journal Entry
#1 - ORIGINAL TRANSACTION
#2 - ADJUSTMENT TRANSACTION
Ledger Adjustment - Journal Entry Instructions (see picture #2 above)
In your Rentec Direct account:
- Click Accounts.
- Follow the steps to split expense transaction and then,
- Adjust the transaction with a negative amount for the previously used category.
- Click the Add a Line button and enter a positive entry for the correct category.
- Click the Post Expense button to save
The net effect in this example is $0, however, there is now a paper trail, per se. Below you will see how these transactions look in the financial reports.
Property Account Ledger Report
Income and Expense Report