bank teller's mistake

Butterfly8

Good afternoon team,

 I have issued a bank cheque in the amount of $4855 and deposit it on Monday to cash it. 

On the MYOB record shows that the deposited amount was incorrect  ($4885 instead of $4855) as  the bank teller's mistake.

The bank has refunded $4885  next day and adjusted to $4855 now.

How should I process this in the MYOB system?

Please refer to the attached printed screen and advise us for it.

Thanks in advance.

Kyu

 

 

화면 캡처 2021-03-17 141305.jpg

Tracey_H

Hi @Butterfly8 

 

Thanks for your post. As the $4885 has gone into your account and back out I would record a Receive Money transaction for the deposit allocated to a holding/suspense type account. Then record a Spend Money transaction for the withdrawal allocating the amount to the holding/suspense account.

 

You will be able to match those transactions with the bank feed transactions and the holding/suspense account will be cleared back to zero.

 

Please let me know if you need further help.

 

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