How do i create a journal entry for a bank error
Recently our bank erroneously debited $117,000 from our bank account back to one of our customers (yes, I know). A month later they refunded the money. How do I record these two events in the lates...
Hi DarylK
Depend on the records required, you could just do a simple Spend Money transaction for the money coming out and then a Recieve Money transaction for it coming back in. You would typically have the same allocation account on that both transactions so there is no long-term effect on that account.
