How do I directly correct an amount on a GL code?
RecTrac 3.1.10.17.02
Table of Contents
Problem
Finance has approved a journal correction. How do I directly correct an amount on a GL code?
Solution
Go into Misc Income / Expense Posting program and post a miscellaneous expense from the incorrect GL code.
Steps For Solution
- From the RecTrac main menu, go to Misc Income / Expense Posting.
- Set the Posting Option to Miscellaneous.
- Click Add.
- Set the appropriate Post Date.
- Enter the correct Amount to offset the incorrect amount.
- If the GL Code value is high then use the Posting Type of Expense (Debit).
- If the GL Code value is low then use the Posting Type of Income (Credit).
- Set GL Code to the incorrect GL Code you wish to change.
- Optional: Type a note for Finance indicating this posting is for a correction.
- Set a Pay Code to associate with this post.
- Click Post.
The GL Code will now reflect your correction in future GL Reports including this Post Date.