What should you do if you encounter an invoice with an incorrect account code after it has been paid?

When you encounter an invoice with an incorrect account code after it has been paid, editing the invoice to correct the error is the appropriate course of action. In Xero, paid invoices can still be adjusted for mistakes like incorrect account codes, ensuring that your financial records remain accurate.

This capability allows for more precise reporting and helps maintain the integrity of your accounts in the financial statements. Correcting the error directly on the invoice is vital for proper reconciliation and auditing purposes, as it provides a clear trail of changes made.

This is not just about fixing an immediate issue but also about maintaining accurate and reliable financial records moving forward. Making the necessary adjustments ensures that the financial data reflects the true nature of transactions and that any reports generated will be based on corrected information.