You might have noticed by now, that ‘Receipts Record’ and ‘Payment Record’ worksheets are password protected. The reason for this is all bookkeeping systems should have an unedited record of all transactions. Thus, deleting transactions that are wrong should not happen.
Instead, what we should do it enter a correction, which is what this page will explain how to do.
Whether it is a Receipt or a Payment the process is the same.
Enter the transaction just as you did previously, the same Date, the same Category, the same everything. But, in General Details state that “This is correcting error in …”. Just a brief statement explaining where the error is.
And, most importantly, enter the same figure but with a minus.
Between the incorrect positive entry and the negative entry it will cancel out. Allowing you to move forward and record the entry correctly.