Avoid Deleting Entries in Your Accounting Software

Entries and/or transactions can be corrected with a Reversing Entry or Adjusting Journal Entry. In the case of an incorrect or uncleared old check, your software should have the option to “void” that transaction within your books.

Your books are like a map, deleting entries and transactions removes pieces of the “road” that you and your tax preparer may need to cross in order to figure out the who, what, when, where and why of your company’s finances.