How to Delete a Transaction during a Closed Year With Peachtree Complete
In Sage 50 Accounting, formerly referred to as Peachtree Accounting or Peachtree Complete, you'll delete any transaction during a year that you simply haven't closed. However, once you've closed a year, you can't delete any transactions from that year. Instead, you want to make a correcting journal entry within the current year and adjust the present year's opening retained earnings balance. 1 . Launch Sage 50 and check in to your company database. 2 . Select "Tasks," and therefore the click "General Journal Entry." Select the overall ledger account you would like to regulate , A description for the adjustment, then enter the quantity as either a debit or credit, counting on the adjustment. for instance , if a $5,000 marketing expense was recorded in December of a year that's closed and you would like to reverse it, credit the marketing travel and entertainment account for $5,000. Click for more info- Delete Transactions On Sage 50 3. Select the "Retained Earnings" account, enter an equivalent or an identical description, then enter an equivalent amount as a debit if you've entered a credit on the road above, or a credit if you've entered a debit on the road above -- for instance , debit retained earnings for $5,000. 4. Choose "Save," then click "Close."