Table of Contents

Overview

Once transactions have been posted from the Undeposited Funds Screen, you may need to correct an amount or date. You also may have a Journal Entry that you need reflected in the Bank.

This will be corrected with a couple transactions under the Outstanding Transaction screen.

If you need to correct something in the Undeposited Funds Screen, see:

Step-by-Step Guide

1. Go to the Outstanding Transactions screen

   1. BNK>Bank Accounts>Enter Outstanding Transactions

2. Enter your Transactions

   1. Enter the Date

      1. Same as Original for Reversal/New if Amount was wrong

      2. Correct Date for new Transaction

   2. Select Type

      1. Opposite of original Post for Reversal

      2. Same for Correcting Transaction

   3. Enter Check Number

      1. Same as Original Post to Track

      2. Different on New Transaction if this was the issue

   4. Enter Description

      1. “Reverse wrong date” for example

   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 Date/Check Number was the issue

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

   6. Save and Exit

      1. Hit Save button or F10

From here, the transaction for the wrong date/amount will net to 0 on your next Bank Reconciliation.

Examples

Example transaction to reverse

Open

Reversal Example

Open

What it Looks like in Recon