Add Adjustments

Adjustment transactions are used to record bank account transactions such as interest earned, service charges, balance adjustments, and transfers between bank accounts. To create adjustments from an open bank account, select Add an adjustment under Tasks.

Once an adjustment transaction is posted or reconciled, it cannot be deleted, the amount cannot be changed, and the account distribution cannot be changed. Furthermore, for transfer adjustments, if either the “transfer out” transaction or the “transfer in” transaction has been posted, then neither transaction can be deleted. You can correct an adjustment by creating a new adjustment of the opposite type. For example, you can create a payment adjustment of $100.00 to reverse a $100.00 deposit adjustment.

To save time and maintain consistency when entering adjustments, you should create adjustment categories on the Adjustment categories tab. For more info about how to create adjustment categories, refer toAdjustment Categories.