We received an insufficient funds check this month. I went in and reversed the payment but now as I am reconciling the account I am off that same amount. Do I also need to go in and delete the payment from the deposit or is there an easier way to do this? The Deposit was already reconciled in October.
Caren Schwartz (Moderator/CIC)
& Time &
Cents Consultants, LLC
www.3545consulting.com / www.timeandcents.com
Software for Managing Time, Money
Time Matters, Billing Matters,
Billing Matters Plus, PC Law CIC
I have the same problem that the OP has.
Client made payment on her account. Payment was recorded. Check was deposited into operating account and deposit was recorded. The check bounced. Payment was reversed (from the client matter, I created a reverse payment record).
This reverse payment shows up in the operating account register as a "reverse payment", but it does NOT show up when I attempt to reconcile the account. Only checks are showing up when reconciling, no reverse payments.
Derek HongHong LawCedar Rapids, IA319-294-5853TPA 9.0
Problem solved. I re-opened the reverse payment record and did a "save and close". The reverse payment now shows up in the reconcilation. Must just be a random glitch with Billing Matters.