Reclassification account is a journal entry transferring an amount from one general ledger account to another.

Below are guideline(s) to Reclassify Account :

1. Go to “Financial” >> “Reclassify Account”

2. It is happened when user had entry to wrong expenses account code and user need to correct it before submission to audit without affect accounts receivable, accounts payable and bank recnciliation.

3. Use the Reclassify Account tool to find and correct transactions assigned.

4. Example this payment voucher has debited wrong account code. Then, amend to the right account code.

5. Click “OK“.

6. After amendment, please click “Refresh” to review.

7. Please take note, you can’t reclassify transactions if the journal is an accounts payable/accounts receivable/bank account that has been reconciled.

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