Cash-based companies can use the Trial Balance>Adjustments>Cash/Accrual screen to review system entries and make adjustments to them.
Note: To convert from cash to accrual, you can write a Federal or Other journal adjustment entry on the Adjustments screen.
The system creates reversing entries for the entries in the Accounts Receivable and Accounts Payable panels on the Cash/Accrual screen, and the information in these panels cannot be changed directly.
If you disagree with the system entries, you can create an entry in the Others panel to adjust the system entries.
To review entries:
Select the period ending date for the entries from the Period drop-down list on the Cash/Accrual screen and click View.
Enter a description for the journal entry in the Title field.
Review the account details in the Accounts
Receivable and Accounts Payable
panels.
You cannot enter information or edit the amounts in these tables directly.
Reversing entries are automatically created by the system. Use the
Others panel to enter adjustments
to the information in these tables.
To adjust entries:
Use drop-down list in the Account column of the Others list to specify the account to adjust.
Enter the amount to adjust in the Debit or Credit columns add information about the adjustment in the Memo field if needed.
Click Save on the action bar to save your adjustments.