{"id":947,"date":"2019-07-15T20:50:32","date_gmt":"2019-07-15T20:50:32","guid":{"rendered":"https:\/\/quickbookexperts.com\/Blog\/?p=947"},"modified":"2021-10-27T01:10:12","modified_gmt":"2021-10-27T01:10:12","slug":"how-to-correct-a-journal-entry-in-quickbooks","status":"publish","type":"post","link":"https:\/\/quickbookexperts.com\/Blog\/how-to-correct-a-journal-entry-in-quickbooks\/","title":{"rendered":"How to Correct a Journal Entry in QuickBooks"},"content":{"rendered":"

Learn how to reverse or delete a journal entry in QuickBooks Online.<\/p>\n

You can either reverse a journal entry to update and correct it, or delete it if it shouldn’t be recorded at all. This ensures your records are accurate.<\/p>\n

Firstly, How to Reverse a journal entry<\/h2>\n

If you need to correct or properly allocate a transaction between two accounting periods, or correct a mistake without deleting the original entry, you can reverse the journal entry.<\/p>\n

    \n
  1. Select the\u00a0Gear icon<\/strong>\u00a0on the\u00a0Toolbar<\/strong>.<\/li>\n
  2. Under\u00a0Your Company<\/b>, select\u00a0Chart of Accounts.<\/b><\/li>\n
  3. Locate the appropriate account for the transaction.<\/li>\n
  4. From the\u00a0Action<\/strong>\u00a0column, select\u00a0View register<\/strong>.<\/li>\n
  5. Select the journal entry and select\u00a0Edit<\/strong>.<\/li>\n
  6. In the transaction window, select\u00a0Reverse<\/strong>.
    \nWhen you reverse the journal entry, a new entry is created with the original\u00a0Entry no.<\/strong>followed by an\u00a0R<\/strong>, dated the first day of the month following the original transaction, and the original transaction’s\u00a0Debit<\/strong>\u00a0and\u00a0Credit<\/strong>\u00a0amounts reversed.
    \nAll other information, such as the Account, Name, and Description for each distribution line, remains the same as in the original transaction.<\/li>\n
  7. Select\u00a0Save and close<\/strong>\u00a0or\u00a0Save and new<\/strong>.<\/li>\n<\/ol>\n

    How to Delete a journal entry<\/h2>\n

    If the journal entry was created by mistake, follow these steps to permanently delete the entry:<\/p>\n

      \n
    1. Select the\u00a0Gear icon<\/strong>\u00a0on the\u00a0Toolbar<\/strong>.<\/li>\n
    2. Under\u00a0Your Company<\/b>, select\u00a0Chart of Accounts.<\/b><\/li>\n
    3. Locate the appropriate account for the transaction.<\/li>\n
    4. From the\u00a0Action<\/strong>\u00a0column, select\u00a0View register<\/strong>.<\/li>\n
    5. Select the journal entry and select\u00a0Delete<\/strong>.<\/li>\n
    6. Select\u00a0Yes<\/strong>\u00a0to confirm that you want to delete the transaction.<\/li>\n<\/ol>\n

      Still Stuck?<\/h3>\n

      Call +1-(818) 900-9884<\/a><\/h3>\n

      Or Chat Live to the Customer Care\u00a0<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

      Learn how to reverse or delete a journal entry in QuickBooks Online. You can either reverse a journal entry to update and correct it, or delete it if it shouldn’t be recorded at all. This ensures your records are accurate. Firstly, How to Reverse a journal entry If you need to correct or properly allocate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1,6,8,5,4,2045],"tags":[],"class_list":["post-947","post","type-post","status-publish","format-standard","hentry","category-other-questions","category-quickbooks","category-quickbooks-desktop","category-quickbooks-mac-desktop","category-quickbooks-mobile","category-quickbooks-online","category-quickbooks-payments"],"_links":{"self":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts\/947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/comments?post=947"}],"version-history":[{"count":1,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts\/947\/revisions"}],"predecessor-version":[{"id":2653,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/posts\/947\/revisions\/2653"}],"wp:attachment":[{"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/media?parent=947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/categories?post=947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickbookexperts.com\/Blog\/wp-json\/wp\/v2\/tags?post=947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}