Miscellaneous Adjustments
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A miscellaneous adjustment is a catch-all business record that creates a transaction of a specified category and amount, allowing you to correct errors in data entry or adjust transactions.
Miscellaneous adjustments create transactions, which are processed in a similar manner as other transactions in PSA.
When you create a miscellaneous adjustment, the value you select from the Transaction Category drop-down list is used to produce a transaction of that category when you save the miscellaneous adjustment. In addition, when you create a miscellaneous adjustment, Billed and Invoiced Revenue transactions are created.
The way in which transaction categories roll-up to actuals fields is controlled by the settings in the Actuals configuration group. If your administrator has installed the default PSA Configuration Groups, Options and values, miscellaneous adjustments roll-up as follows:
| Miscellaneous Adjustment Type | Rolls up to |
|---|---|
| Booked Revenue | Bookings fields |
| Budgeted Cost | Does not roll-up to anything by default and is ignored. This is because it is specified as a value in the IgnoreCategories configuration option in the Actuals configuration group.
|
| Budgeted Expense Cost | Does not roll-up to anything by default and is ignored. This is because it is specified as a value in the IgnoreCategories configuration option in the Actuals configuration group. |
| Expense Budget | Expense Budget fields |
| Expense Cost | Expense Cost |
| External Cost | External Cost |
| Internal Budget | Internal Budget fields |
| Internal Cost | Internal Cost fields |
| Other Cost | Other Cost fields |
| Pass-Through Ready-to-Bill Revenue | Pass-Through Billings fields |
| Pre-Billed Revenue | Pre-Billed fields |
| Ready-to-Bill Revenue | Billings fields |
| Revenue | Revenue fields |
Accounting Connector
If you use PSA – Accounting Connector, you can also:
- Create journals from miscellaneous adjustments. For more information, see Miscellaneous Adjustments to Journals.
- Create miscellaneous adjustments from Accounting document line items. For more information, see Accounting Document Line Items to Miscellaneous Adjustments.