You can make adjusting entries in the Make General Journal Entries window.
Adjusted journal entries are entered by accountants to make after-the-fact
changes to specific accounts. Accountants make adjustments for a variety of
reasons, including booking depreciation or amortization, reallocating accruals
and reversing accruals of prepaid income or expenses; adjusting sales tax
payable for interest, penalties, or discounts; and entering bank or credit card
fees or interest.
Note: All general journal entries written by QuickBooks Fixed Asset
Manager (QBFAM) will have the Adjusting Entry checkbox marked by default.
Note: Existing transactions from updated company files will not have
the Adjusting Entries checkbox selected by default. Similarly, transactions
made in QuickBooks Pro and Premier will not have this checkbox selected
by default, unless the transaction was already marked as an adjusted entry in
Premier Accountant Edition or higher.
Go to the Accountant menu and click Make General Journal Entries.
When you are using the Working
Trial Balance window, click Make Adjustments.
Fill in the transaction date. To ensure proper reporting of adjusting
entries, be sure to use the last date in the accounting period (usually the
last day of the month) as the date for your adjustments.
Fill in the entry number.
Note: If you have already created an adjusting entry, QuickBooks
automatically populates the Entry No. field with the next number. You can
change this number; however, QuickBooks does not monitor entry numbers. Be
careful not to enter a duplicate number.
Choose the Adjusting Entry checkbox.
In the detail area, enter the first account in your transaction, the debit
or credit amount, any memo, related name, and class. Continue to enter
distribution lines until your transaction reaches a zero balance.
Save the journal entry.
Go to the Reports menu, choose Accountant & Taxes, and then click
Adjusting Journal Entries.
Enter the date range in which you want to search.