We created a Product in the Cashier Store but set the account to Merchandise instead of the correct Concessions - Income. I corrected the Product settings, but how to correct the accounting for items already sold, still in the wrong account?
Previous transactions can not be updated. However, navigate to Accounting > New Transaction, and from the Transaction Type dropdown menu select Journal Entry (Transfer). You can Debit and Credit the income from Merchandise to Concessions - Income as necessary to correct your accounts.
Was this article helpful?