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Void A/R transaction # accounting

  • 1.  Void A/R transaction # accounting

    Posted Sep 17, 2019 02:59 PM
    Hi,
    I voided a receivable payment transaction because wrong bank was chosen. I can't see the transaction in financial check register which is correct. However, it still shows in Financial - Bank account summary.
    Do I need to do another step for the adjustment?

    Thanks
    Mei

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    Mei Mu
    iHaul Freight Ltd
    Langley BC
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    Conference-GPUG_200x200


  • 2.  RE: Void A/R transaction # accounting

    SILVER CONTRIBUTOR
    Posted Sep 18, 2019 09:25 AM
    Hello Mei

    Go see in the Bank Deposits, it should be there as a negative amount.

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    Pierre Deschênes
    Groupe Dynamite
    Montréal QC
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    Conference-GPUG_200x200


  • 3.  RE: Void A/R transaction # accounting

    TOP CONTRIBUTOR
    Posted Sep 18, 2019 03:22 PM
    Hi Mei,

    @Pierre Deschênes has a point there...

    A receivables payment comes in Bank Rec as a receipt... for it to be reflected in the Checkbook Register, it needs to be deposited (i.e. deposit with receipt).
    Now, if it has been deposited already, then later voided in RM, GP generates a negative receipt in BR. Just the same, this needs to be deposited if it is to update the checkbook balance.




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    Ryan Galang
    BTP Technologies LLC
    CHANTILLY VA
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    Conference-GPUG_200x200


  • 4.  RE: Void A/R transaction # accounting

    Posted Sep 18, 2019 07:30 PM
    Hi Ryan,
    After voided the payment, the amount in check register is correct. I want to double check the voided transaction. I go Financial- summary- Bank account- , and did see the transaction was voided. is there another step I need to post after voided in A/R? Thanks
    Mei

    ------------------------------
    Mei Mu
    iHaul Freight Ltd
    Langley BC
    ------------------------------

    Conference-GPUG_200x200


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