Reclassifying Transactions: Generated Transactions
Suppose that by mistake you have specified a wrong account in the AP bill. Now you need to reclassify the wrong journal entry by creating a correcting transaction, so that the amount will be moved to the correct account.
The following table shows the journal entries of the original GL transaction of the Normal type.
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable account | 00.00 | Amount |
| Expense account 1 | Amount | 00.00 |
The following table shows the journal entries of the correcting GL transaction of the Reclassification type.
| Account | Debit | Credit |
|---|---|---|
| Expense account 1 | 00.00 | Amount |
| Expense account 2 | Amount | 00.00 |