Bank Reconciliation's

Posted By Newbie 2 over 11 years ago

When doing my last reconciliation, I noticed that some of the deposits did not get picked up (issue with when the funds when actually deposited and when they were recorded) so instead of just noting them as outstanding on the reconciliation (which would have been much easier!) i tried to modify the bank deposit. I also modified the dates on the invoices. I thought when I modified them that it would fix but now instead it shows I have an adjustment that needs to be made of that exact amount. It is hitting the Chqs to be deposited account and the Bank Account so wondering an easy fix. I did a JV to correct both accounts but that did not fix it..... I don't think doing a credit invoice will fix it as it's sitting as a deposit slip already so doing a credit invoice won't but a credit amount for me to select to make up a deposit slip. At least I've never seen that.

Patrick S over 11 years ago

Hello there,

So when an invoice has been paid, you need to reverse the receipt first then adjust the invoice. Adjusting the invoice only will create an automatic credit note. So under Receipt if you have a credit note you it has to be remove it (you can just pay it from Receipts window or create an invoice then pay both that invoice and the credit note that will clear the customer record of the credit note).

Also when you are using the deposit slips we recommend to use a transit bank account to record the receipt then use the bank account to receive the deposit from the transit account, so I guess you have setup cheque to be deposit account as the transit bank account. The program does not have an automatic reversal feature for deposit slip. But you can follow instructions on the article below to reverse or adjust the deposit slip.

Reversing a Deposit Slip

Hope this helps.

Thanks
Cancel
Vote Up 0 Vote Down

Sign in to reply

Cancel

Sage 50 Canada

Bank Reconciliation's

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING