One of the most common mistakes is entering accounting transactions incorrectly into the accounting system. When this happens, you must make changes to the transaction even after it has been recorded. You can easily accomplish this by making a journal entry. You can easily Delete Journal Entry in Quickbook to adjust or correct transactions and post entries. Creating journal entries is a simple two-step process. As previously stated, the journal entry process is simple, but you can only make a journal entry for one customer or vendor at a time. Separate entries must be posted if you want to correct multiple customer or vendor balances.
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