NEW darwin.Cloud feature: Reclassify expenses
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With darwin.Cloud, it’s easy to fix a bill put to the wrong expense account. You don’t have to create complex adjusting journal entries. You don’t need to Unpost or UnReconcile bills and payments.
Even if a bill is already paid - and even if the payment has cleared the bank - you can fix the expense categorization on the original bill.
The reality is everyone makes mistakes when expensing bills. Usually no one notices until the financials are posted. Then you see some expense category is way “out of whack”
With darwin.Cloud, it’s easy to fix mis-postings. You don’t have to create complex adjusting journal entries. You don’t need to Unpost payments and vouchers and then rePost.
Even if a bill is posted and paid - and even if the payment has cleared the bank - you can correct mis-postings on the original voucher. Now obviously, you can’t change something in a locked period (unless your CFO unlocks the period) - but this gives you a simple way to fix mistakes. Because darwin.Cloud has complete and detailed audit logs, if you ever need to know who fixed the entry. All the audit details are saved too !
Watch this short video to learn more.
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