Bank Reconciliation

We had an outstanding cheque that became 1 year old in June. The cheque still appeared on the outstanding cheque list for June.

When preforming the bank rec for July, the cheque no longer appears for clearing purposes and it has not cleared the bank yet.

The account reconciliation summary is out of balance by the amount of the outstanding cheque. The cheque does not appear on the outstanding cheque list.

How do fix this problem?

Thank you

Parents
  • 0

    Can you go in and void the cheque in accounts payable?

    Your payables may show this amount owing afterwards but should clear the out of balance.

    if you want to try it before doing it formally you could copy your data file onto a user work station and open it as a secondary company

Reply
  • 0

    Can you go in and void the cheque in accounts payable?

    Your payables may show this amount owing afterwards but should clear the out of balance.

    if you want to try it before doing it formally you could copy your data file onto a user work station and open it as a secondary company

Children
No Data