How to Fix Transactions Posted to the Wrong Account in Tyms

If a transaction is incorrectly categorized and assigned to the wrong account, it can lead to inaccurate financial reports and discrepancies in your books. For example, posting an expense to a revenue account or merging a payment under the wrong record. If not corrected, this can affect your profit and loss statement, balance sheet, or reconciliation process. Promptly identifying and fixing these errors is essential for maintaining accurate and reliable financial records in Tyms
 

You can fix it using one of two methods:

Re: categorize / Re: Merge the Transaction

• Go to the Bank Transactions module.
• Find the transaction and click the three-dot menu next to it.
• Select “Re: categorize” / "Re: Merge with record".
• Choose the correct account from the dropdown list.
• Save your changes ; the transaction will now be reflected under the correct category.

Delete and Repost the Transaction Record

• Navigate to the module where the transaction was originally posted to(e.g., Journal, Sales, or Expenses).
• Delete the incorrect transaction.
• The related bank transaction status will automatically return to  “Uncategorized” in the Bank Transactions module.
• Go back to the Bank Transactions module and re-categorize it to the correct account.

To learn more about categorizing your bank transactions, visit: https://www.usetyms.com/en-NG/help/article/categorizing-bank-transactions-on-tyms