Add and delete adjusting journal entries

You can use the Adjustments tab to add, edit, and delete multiple journal entries to prepare the balances in your accounts for reporting purposes.

Add an adjustment

  1. Open your project and click the Adjustments tab.
  2. Click Add to enter a new adjustment.
  3. Select an adjustment type and posting period, and enter a reference and description.
  4. Select an account and enter an amount in the Debit/Credit columns of the Distributions grid.
  5. Click the Save button.

Notes

  • You can enter a reference of up to 25 characters in length including spaces and hyphens, or leave the field blank.
  • You can enter a description (not required to be unique) of up to 125 characters in length, or leave the field blank.
  • You can add an unlimited number of distributions for the journal entry. The total amounts in the debit rows must equal the total of amounts in the credit rows. When debit/credit amounts aren't equal, the application automatically adds a new row to account for the difference.
  • You can add a new account when entering distributions, instead of going to the Trial Balance tab to do so.
  • You can add additional fiscal years and periods for the contact in the Setup > Contacts > Periods tab from Onvio Center.

Delete an adjustment

  1. Mark the checkbox next to single or multiple entries in the Distributions grid.
  2. Click Delete at the top of the grid.