chels said:

Is there anyway to fix it to put the allocation so that it will show up in my allocation fund reports?

Hi,

Yes, if you adjust the transaction and add the Project Allocation information it will then show up on Allocation reports.

However, if you adjust a cleared Bank Account transaction there will be two, new transactions showing on your bank statement, that you will have to clear in order to reconcile in the next period.  Sage 50 will automatically flag the 'reversed' and 'reversal' amounts as cleared, but will not flag the new, adjusted transaction as cleared. 

Since there is no way to re-open a bank reconciliation, you will have to record the adjusted transaction as 'cleared' in the next period, in order to balance the next reconciliation.

If the revenue transaction that you adjust is separate, you won't be 'touching' the bank account and there is no issue, for example if:

 - you use the invoice screen, then record a receipt when payment is received.

 - you use a separate Cash and Cheques to Deposit account for Receipts or for Revenue and use Sage 50 Deposit Slip to record the bank deposit.

chels said:

Is there anyway to fix it to put the allocation so that it will show up in my allocation fund reports?

Hi,

Yes, if you adjust the transaction and add the Project Allocation information it will then show up on Allocation reports.

However, if you adjust a cleared Bank Account transaction there will be two, new transactions showing on your bank statement, that you will have to clear in order to reconcile in the next period.  Sage 50 will automatically flag the 'reversed' and 'reversal' amounts as cleared, but will not flag the new, adjusted transaction as cleared. 

Since there is no way to re-open a bank reconciliation, you will have to record the adjusted transaction as 'cleared' in the next period, in order to balance the next reconciliation.

If the revenue transaction that you adjust is separate, you won't be 'touching' the bank account and there is no issue, for example if:

 - you use the invoice screen, then record a receipt when payment is received.

 - you use a separate Cash and Cheques to Deposit account for Receipts or for Revenue and use Sage 50 Deposit Slip to record the bank deposit.