diff --git a/src/engine/sql/table-create.sql b/src/engine/sql/table-create.sql
index dc6da44132..51d0dbdaed 100644
--- a/src/engine/sql/table-create.sql
+++ b/src/engine/sql/table-create.sql
@@ -58,7 +58,8 @@ CREATE TABLE gncAccount (
 
 CREATE TABLE gncTransaction (
 	transGuid	CHAR(32) PRIMARY KEY,
-	date_entered 	DATETIME DEFAULT 'NOW',
+	last_modified 	DATETIME DEFAULT 'NOW',
+	date_entered 	DATETIME,
 	date_posted 	DATETIME,
 	num		TEXT,
 	description	TEXT,
diff --git a/src/engine/sql/table.m4 b/src/engine/sql/table.m4
index 8a3c8689ac..18c7188e79 100644
--- a/src/engine/sql/table.m4
+++ b/src/engine/sql/table.m4
@@ -43,7 +43,8 @@ define(`transaction', `gncTransaction, Transaction, Transaction,
        num,            , char *,   xaccTransGetNum(ptr),
        description,    , char *,   xaccTransGetDescription(ptr),
        currency,       , commod,   gnc_commodity_get_unique_name(xaccTransGetCurrency(ptr)),
-       date_entered,   , now,      "NOW",
+       last_modified,  , now,      "NOW",
+       date_entered,   , Timespec, xaccTransRetDateEnteredTS(ptr),
        date_posted,    , Timespec, xaccTransRetDatePostedTS(ptr),
        version,        , int32,    xaccTransGetVersion(ptr),
        transGUID,   KEY, GUID *,   xaccTransGetGUID(ptr),