Click this date field and type your Cutover Date.

Click this text field to add a reference number or text.

Click here to select your Commission Paid Account.

Click "5010 - Commission Expense - Residential"

Fill out the Debits field to add the total balance to transfer for each Agent. 

Click this text field to add a description such as "1099 Cutover".

Click "-- Select Name --" to add the name of the Agent. 

Click on subsequent lines to add balances for more agents. 

Click "Add Line" to keep adding rows to the Journal Entry.

In order to balance the Journal Entry, you can use an equity historical adjustment account. 

The Historical Balancing account is used during the setup process to track the difference between the opening balances you'll enter for your asset accounts and the opening balances you'll enter for your liability and equity accounts.

Click this text field to add the total Credits amount. 

You are then able to see the Journal Entry.

A second Journal Entry is to be created in order to reverse the previous Journal Entry, so the Commission Paid Account is not artificially inflated by the Cutover Balances. 

Click this date field to add the same date as the previous Journal Entry (your Cutover Date). 

Click this text field to add a refence number or text. 

Click here to select the Commissions Paid Account. 

Fill out the Credits Column with the total amount of the Debits Column on the previous Journal Entry. 

Click here to add your historical adjustment account. 

Add the total balance on the Debits side. 

Balance your Debits and Credits, making sure that the Journal Entry is reversed from the previous one. 

You can now see both Journal Entries on the List. 