The 'correct' accounting way is to never edit an existing transaction,
but instead, issue a 'correcting transaction'. This could be for the
difference, or it could be first, a reversing transaction, and then the
correct transaction. Which is used depends on various factors beyond the
scope of t
I was just reconciling the last quarters books and could not get the damn
things to reconcile. I finally tracked it down to a client overpaying on an
invoice by a small amount, transposing some digits on the invoice.
Now I am no accountant.
I thought I could fix the books by just sending the clie
