Bank Account Adjustments
Use adjustments to record bank account transactions such as interest, service charges, and balance corrections. Recording adjustments in the right period helps keep reconciliation accurate.
From a bank account record, use the adjustment area to add, edit, copy, and review adjustment activity.
Tip: You can also add an adjustment while manually matching transactions. For that workflow, see Manually Match Transactions.
From a bank account record, select More actions, and then select Add an adjustment.
Under General, enter adjustment details such as category and type. Review Adjustment Categories before you continue.
If the adjustment is cleared, select Cleared, and enter the cleared date.
Under Distributions, enter the post status and post date.
Select the account, and enter the credit amount for the distribution.
Select the projects, grants, and transaction codes for the distribution.
To apply an account distribution set, make your selection, and then select Apply to distributions. This lets you split an assigned amount across multiple projects and transaction codes.
Enter custom fields to further define the distribution.
After you enter distribution details, select Add distribution.
In Interfund entry set, select a set to balance accounts when the debit and credit accounts are not in the same fund.
Enter any additional information in Notes.
Under Attachments, add files by dragging them into Drag a file here or by browsing to a file. You can also link to online or cloud files.
Select Save.
Note: After you add an adjustment, post it before you complete reconciliation.
Post an Adjustment
Select Post.
On the post subledgers screen, select Cash management, and then select the bank account that includes the adjustment.
Optionally, validate first. When you are ready, select Post.
Manage Adjustments
From a bank account record, use the adjustment area to add, edit, copy, and delete adjustments with the context menu next to each row.
You cannot delete posted or reconciled adjustment transactions. After posting or reconciliation, you also cannot change the amount or account distribution. You cannot delete transfer adjustments.
Note: To reverse an adjustment, create a new adjustment with the opposite type. For example, create a $100.00 payment adjustment to reverse a $100.00 deposit adjustment.
Edit Payments
To edit a payment record, from Bank accounts open the Register tab, and select Edit for the payment you want to update.
When you select Cleared, you can edit Post date and Post status on payment records.