Editing transactions on the iPhone is simple.
1. To get started, just tap on the Budget Item where you have tracked the transaction. If it is not tracked, it will show up on the bottom of the screen as an orange coin.
2. Then you will see a list of the transactions assigned to that Budget Item.
3. Once you tap on the transaction, you can edit multiple elements such as the merchant name, the amount, the date, the check number, and the Budget Item it's assigned to.
Just follow the instructions in the video below to see details on how to do this.