Reversal of debit entry

Helenmck
1 Post
Cover User
Australia

Reversal of debit entry

I am using A/R online and in my bank feeds is a "Reversal of Debit Entry Credit" deposit - How do I process this entry

1 REPLY
Ultimate Partner ronatbas
3,856 Posts
Ultimate Partner
Australia

Re: Reversal of debit entry

@Helenmck

 

The bank has bounced a cheque that you have deposited so the easy way is to follow the bank and reverse the entry that you made to deposit the money. Go to Setup> Preferences>Security and tick the top line Entrie must be reversed not deleted. Find your  deposit, open it then go Edit > Reverse cheque payment. in the new screen set the date to match the bank feed and record. Go back to preferences and untick the reversal box the back to bank feeds.

 

Ron B
BAS Group
03 95588477

info@basgroup.com.au
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