Note: An example of this is, an owner paid their 2023 invoice in 2024. The payment is currently going toward your 2024 yearly income numbers, but you want it in 2023 instead. Journal entries would be used to fix this issue.

Take special care when choosing to do this. Typically if you are running on a cash basis, you should be recognizing revenue when you are paid cash, not at another time. If you are running on an accrual basis, the system will log revenue according to invoices, and this action will be unnecessary.

1) Click on the transactions tab

2) Click actions on the right-hand side > Add Journal Entry

4) Put the date as the first day of the current year/year you are moving the funds from. Such as 1/1/2024

5) Debit the revenue category (Whatever the category is on the original transaction)

6) Type in the amount of the funds you are moving

7) Credit a holding account (Must be an equity or liability)

8) Type in the amount of the funds you are moving

9) Save & Add Another

10) Create the second journal entry, repeat steps 1-3

11) Put the date as the last day of the past year, such as 12/31/2023 if moving funds to 2023

12) Debit the holding account chosen in the first journal entry

13) Type in the amount of the funds in the first journal entry

14) Credit the new revenue category (The category where the funds need to be)

15) Type in the amount of the funds in the first journal entry

16) Save