How do I reallocate a transaction allocated to the wrong bank account in the previous financial year and correct it in the current financial year?
Example: A dividend cheque of $3704.20 was entered into Cashbook as being banked in the Business Cheque Account, when It was actually banked into the Business Online Saver Account. The transaction was entered at the end of the financial year and did not appear on a bank statement, thus did not form part of a reconciliation.
Step 1: Reallocate transaction to the correct bank account in the previous financial year.
In the previous financial year:
Step 2: Allocate the uncleared transaction brought forward to the correct bank account in the Current Financial Year.
Step 3:
Step 4:
Still in Opening Balances - Bank Accounts window: