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Social Media
Newbie
Joined: 16 September 2009
Location: United Kingdom
Posts: 5
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| Posted: 18 September 2009 at 17:55 | IP Logged
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Hi, i have been recording the directors dvd payments as an expense account (6xxxx) and I now want to 'correct' that and transfer them at a 9xxxx account so they appear below the operating profit on the p&l report.
How do I go about it? Do I need to re-record all the transactions from the beginning or is there a way that I transfer all the infomation to the new account numbers and delete the old ones?
Thanks,
Rita
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allis.mary
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Joined: 04 March 2010
Location: United Kingdom
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| Posted: 04 March 2010 at 20:58 | IP Logged
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No you do not need to record all the transactions from the
beginning. You keep all the transactions were they are
already in the expense account (6xxxx). All you do is one
cross entry to the 9xxxx for the total amount of all the
transactions for the directors dvd payments and note as a
reference this entry refers to transaction from ? date to ?
date re directors dvd payment. As simple as that. What ever
you do do not delete anything. There must always be an
audit trail even if the entry is not were you want it to
be, never delete, just do a cross entry.
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MYOB Forum - Anit Limited : Accounts
Topic: Transfer of Account
