Description: How to change the Billed to Date without affecting the A/R or G/L.
Note: When making an entry in the General Journal a credit increases revenue while a debit decreases revenue
Step 1 - Enter a two line entry in the General Journal. The first line would go against 1) a project and 2) an appropriate Billed Revenue General Ledger account for either a credit (a negative amount) or debit amount. (Fig.1)
(Fig.1)
Step 2 - The next line would go against the same Billed Revenue account for the reverse amount but no project would be specified. Click Save.(Fig.2)
(Fig.2)