 QuickBooks Desktop 2023, correction of data input error. Let's do it within 2-its, QuickBooks Desktop 2023. Support Accounting Instruction by clicking the link below, giving you a free month membership to all of the content on our website, broken out by category, further broken out by course. Each course then organized in a logical, reasonable fashion, making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files and more, like QuickBooks backup files when applicable. So once again, click the link below for a free month membership to our website and all the content on it. Here we are in QuickBooks Desktop, get great guitars practice file going through the setup process we do every time maximize the homepage to the great area. In the view dropdown, we got the hide icon bar, open windows list checked off, open windows open on the left, reports, drop down, company and financial, profit and loss. Let's change the range from 010123 to 123123 and I'll customize it with the fonts and the numbers changing the font up to 14, okay, yes and okay, balance sheet and the reports drop down company and financial. This time the balance sheet and let's change the range up top 010123 to 123123 fonts and numbers on up to 14, okay, yes and okay. We're now going to be correcting a couple transactions with regards to a date error noting that date errors are some of the most common types of errors if you're working your data input in a time frame that's not the current time frame. Now in this practice problem, I'm actually basically working in the future, but normally in practice you obviously wouldn't be entering data into the future typically, but you might be entering like a year's worth of data or so in the past and in that case it's common to be entering stuff after the point in time that you wanted to because you might be entering it into the current time frame instead of in the time frame when it should be taking place. Note that if you're doing bookkeeping in real time and you're doing bookkeeping as it is happening, you can turn on the preferences to give you the warnings in terms of the date ranges which we turned off so you could do that by going to the editing drop down, you can go into the preferences, go into the accounting up top and then we have these two items that we turned off which say warned if transactions are 90 days in the past, warned if transactions are 30 days in the future. That could be a great tool to limit the the transactions that are entered in a in the wrong period. You can also set the closing dates so that people cannot enter information into a period that has been closed as well and that option is down here but if you're working like not in real time and you're entering a whole past amount of data for like a year or something like that then of course you could it's best to basically turn these items off or else you're going to have them popping up every transaction they're not going to help you at all they're just going to be a nuisance. So let's close this back out and then I'm going to go into the list dropdown let's take a look at the chart of accounts and then I'm going to go into double clicking the checking account to go into the register I'm going to go all the way to the top of it now and I've got these two transactions entered in 2021. Now this one right here now notice again if I was working real time and I had closed 2021 then it wouldn't allow me to enter in there unless I had access where it would at least give me an error. If I had some some terms to say don't allow me to enter 90 days or whatever in the past it would also at least give me a pop-up that I would have to ignore before I entered that transaction. Also note that this one has cleared the bank so that should give me some pause to say okay what am I going to do about that if it's cleared the bank but I know that in this case when it cleared the bank so it's not really going to cause me a problem to change the date although it will not match up to my static bank reconciliation. So just to note that if I open up the bank's reconciliation that I made here it is it'll show here that this is the date that it was entered 1228-21 and I'm going to change that now it'll still show up as cleared but I'm going to change the date on it and I'm going to say okay let's make this 2022 and that's the date I want it in as of I'm going to say enter actually I'm going to say hold on cancel I'm going to make it as of 2023 sorry about that 2023 the current period that we're working on in the future in this case okay you have changed the transaction do you want to record I'm going to say yes it'll still show up as cleared so we should be good there this one was a prior period transaction it's not going to have it really any impact but I wanted to put it in there as of actually I think this should be 228 as well so I'm going to say this should be 228-2023 and that went to the balance sheet account so I'm going to say okay I've changed them so they're going to be down here now so we've recorded those you got to be very careful to do that obviously in practice because you want to note what the impact on the bank rec will be and what the impact if they're cleared and recording or changing any prior period transaction got to be careful about doing that if I go back to the to the balance sheet this is where we stand at this point in time I'm now going to go to the trial balance and just check that out so if I go to the reports accounting and taxes trial balance running this from 010123 to 123123 this is where we stand as of now going to customize it fonts and numbers change the font bring that up to 14 okay yes and okay so this is where we are at this point hopefully everything is up to date you can check your numbers here with after that adjustment