Payroll Voided after Reconciliation

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Posted on by NM-27040911-0

Our payroll manager recently voided checks that had previously been reconciled - now it's throwing off our reconciliation and showing a negative withdrawal. I've googled this and searched this forum several times for an answer but I can't seem to figure it out. Here's what we know happened:

1. The original check was reconciled.

2. After reconciliation the check was voided, but the GL for the bank was changed to a different (passthrough) account.

3. After we received the money the deposit was put into the passthrough account. If we were looking at just this, everything would be reconciled correctly.

4. The problem is GP created a negative withdrawal. My understanding is that I need to create a new withdrawal, but my superior and I are unsure of what account to offset the withdrawal with, as it will throw everything else off.

If that's too confusing I can try to explain more.

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Microsoft Dynamics GP

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For anyone googling this in the future - what we did was create a regular bank entry that would be able to reconcile with the negative entry dynamics made. Then we created a general entry in the general ledger opposite of the first entry we made. This way everything stayed reconciled and the negative entries no longer threw off the Bank Reconciliation.

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