Table of Contents

Overview

If a transaction in the undeposited funds screen gets deposited for the wrong amount or terms, you need to make some correcting Entries. If you need to correct something after they were posted from undeposited Funds, then see Correct Bank Posting.

Posted to the Wrong Terms or Amount

To correct Terms/Amount, we will need to make two entries. One to reverse the wrong transaction; the other to post it correctly.

Step-by-Step

1. Go to the Undeposited Funds Screen

   1. BNK>Bank Accounts>Undeposited Funds

2. Go under Edit Funds tab on the right

   1. Open

      

       

3. Enter your Transactions

   1. Select Register

      1. Make sure it uses the same Branch as the original transaction

   2. Enter Description

      1. i.e. Reverse Bad Terms

   3. Select Terms

      1. Same as original Post for Reversal/New if Amount is the issue

      2. Different for New Post if Terms were wrong

   4. Enter the Trans Date

      1. Same as Original

   5. Enter the Amount

      1. Reversing is the opposite of the original post (positive is negative, negative is positive)

      2. New Post is the same as Original if Terms was the issue

      3. New Post is the correct Amount if that was the issue

4. Hit the Submit button

5. Hit Yes to the prompt

Open

Example

Example transaction to reverse

This transaction was set to Check, when it should have been the Visa.

Reversal Example

To move the amount, we create 2 Entries under the Edit Funds tab. One entry to reverse the amount from Checks, and the other to add the amount to Visa.

What it Looks like in a Batch

When you create your batch, the original entry, the reversing entry, and the new entry can be selected together to zero out the original and reversal while posting the correct transaction.