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Trial Balance

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 select the
    Adjustments
     tab.
  2. Select
    Add
     to enter a new adjustment.
  3. Select an adjustment type and posting period, then enter a reference and description.
  4. Select an account and enter an amount in the
    Debit/Credit
     columns of the
    Distributions
     grid.
  5. Select
    Save
    .
note
  • 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 Onvio Center by going to
    Setup
    Contacts
    Periods
     tab.

Delete an adjustment

  1. Mark the checkbox next to single or multiple entries in the Distributions grid.
  2. Tick the checkbox next to single or multiple transactions/journals in the Transactions/Journals grid.
  3. Select Delete at the top of the grid.

This article applies to:

  • PRODUCT: Onvio
  • Subject: Trial balance
  • Audiences: Staff