Which type of journals can be edited in Xero?

In Xero, the types of journals that can be edited are draft and repeating journals. Draft journals have not yet been posted to the ledger, allowing users to make changes before finalizing their entry. This is particularly useful for ensuring accuracy and completeness in data before it is recorded permanently in the accounting system.

Repeating journals, on the other hand, are templates used for transactions that occur on a regular basis. While these can be edited, any changes made will only affect future instances of the repeating journal and not past posted entries. This flexibility is essential for businesses that need to adjust recurring transactions, such as monthly expenses or subscription fees.

The other types of journals – voided, posted, and archived – cannot be edited. Voided journals indicate that an error has been rectified but are essentially marked to show they are no longer valid. Posted journals have already been confirmed and recorded in the accounts, making them immutable. Archived journals refer to entries that are no longer in use but are kept for record-keeping; these entries can neither be edited nor deleted once they are archived.

Thus, the correct answer highlights the specific types of journals in Xero that provide the flexibility needed for managing financial data effectively before it becomes part of the official record.