Reconciling the change in value of an item on one transaction with that of related transactions
Changing the value of an item on one transaction will change its value on associated transactions.
If, for example:
- On Day 1, I receive a stapler for $5.
- And on Day 2, I ship the stapler, $5 is relieved.
- But on Day 3, I change the item receipt and make the stapler’s cost $10, this revision changes the value of the Day 2 shipment.
To correct the value of the journal entry that corresponds to the highlighted transaction:
- Make sure the books are open in QuickBooks Online during this reconciliation.
- Run the Reconcile Journal Entries report (located under Operations Menu > Reports > Accounting) for that time period.
- Choose Display Report under the Actions section of the Reconcile Journal Entries page.
- On the displayed report, a red highlight in the Acct Value and Diff columns indicates that the value of the line item on the transaction was changed after SOS Inventory posted the Journal Entry to QuickBooks. Select Add to queue in the Re-Sync column to have SOS Inventory update the journal entry in QuickBooks with the newly corrected values.
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