This article will show you how to use the adjustment feature to post adjustments to specific accounts, in order to partially eliminate accounts (if an account is made up of inter-company amounts and non-intercompany amounts) or to post FX adjustments to your companies. This example will refer to an FX adjustment.
To post an adjustment in Joiin, follow these steps:
1. Navigate to the "Companies" page.
2. Locate the company/ companies you wish to adjust and click on the three-dot menu next to it.
3. Select "Adjustments" from the menu.
4. Choose the data format for entering adjustments: Trial Balance or Balance Sheet/Profit & Loss.
5. Click the "Add adjustment account" button to add accounts for adjustments.
6. A list of accounts from the Chart of Accounts of the company will appear. Search for the accounts you wish to adjust and click "Add."
- If you need to create a new account, click on the "Create new" button. Enter the Type, Name, and Code of the new account.
7. Once the accounts are added, enter the adjustment values for each month in the corresponding cells.
8. After entering the adjustments, click "Save" to save your changes.
The adjustments you've made will be reflected in the reports generated for the selected company.
Adjustments in a separate column
If you would like to show the adjustments that you have posted in a separate column, this can be done.
To do so, you will need to create a manual adjustment company. It may be the case that you do not have the option to add additional companies on your current plan, if this is the case please contact Joiin support and we will give you this company free of charge.
To create your adjustment company:
1. Click on the "Companies' page on the lefthand menu.
2. Click on the "Add Company" button and select "Add manually."
3. Enter the company details in the top box.
4. Choose whether you want to add your adjustment data in Trial Balance or BS/P&L format.
5. Press 'Add account'
6. Choose 'Create new' and fill in the details for this account - the account type will decide where the account is placed.
7. Then enter the amount you need to adjust your group of companies by.
8. Now you will have the option to include this company on your reports
If you run a consolidated report that includes the manual adjustment company, this adjustment will be applied to your figures on that report. However if you run the report broken down by company, you will be able to see these adjustments in a separate column.