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KayeSydenham's avatar
KayeSydenham
Experienced Cover User
8 months ago

undeposited funds

Hi, In my wisdom I ahve allocated an Undeposted funds to Undeposited Funds, I can only revere it, I need to allocate to the Bank, how do I fix this. Not my finest moment. Thanks, Please help  
  • Earl_HD's avatar
    Earl_HD
    8 months ago

    Hi KayeSydenham,

    Thanks for your post. To rectify the misallocation from Undeposited Funds to the Bank instead of Undeposited Funds, you should either edit the transaction or create a new one to reverse the allocation from Undeposited Funds. Then, remove the allocation from Undeposited Funds and allocate it directly to the Bank account. You can also visit this help article for more information: About undeposited fund

     

    Feel free to post again, we're happy to help!

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

    Regards,
    Earl

Earl_HD's avatar
Earl_HD
MYOB Moderator
8 months ago

Hi KayeSydenham,

Thanks for your post. To rectify the misallocation from Undeposited Funds to the Bank instead of Undeposited Funds, you should either edit the transaction or create a new one to reverse the allocation from Undeposited Funds. Then, remove the allocation from Undeposited Funds and allocate it directly to the Bank account. You can also visit this help article for more information: About undeposited fund

 

Feel free to post again, we're happy to help!

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Regards,
Earl

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