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– I have an issue with my bank reconciliations. When I was working on one of our bank accounts, I found that an entry had been done incorrectly. I found that I could not delete or correct it as the other bank account that it involved had already been reconciled. How do I fix the account that the transaction is wrong on when the transaction in question is already reconciled in the other account?
Thanks all we followed the article to undo the bank rec to correct the transaction.
A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a EmployeeConnection statement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.
My first question would be 'how did the other account get RECONCILED' if it shouldn't have been in that account? Seems like the other account needed it.
What kind of transaction was it? How you fix it, will depend on what kind of transaction it is, and where it originated from. Please provide more details. (Typically, if a Payables, check, you can void it in Payables, and then rekey it as a manual check in Payables in the right checkbook ID. Then back rec will put the check in the correct checkbook, and a negative check in the original checkbook, that you must research and key an offset to it, etc if it's not needed, but appears it was if they were able to reconcile and didn't key an adjustment in that recon to offset it.)
However, it seems to me that the checkbook it went to, needed it afterall, or they wouldn't have been able to reconcile. You will want to first check that reconciliation to see if they keyed an adjustment or what they did in there to be able to reconcile.
I hope the above information is enough to get you started. Let me know if any more questions.
Cheryl
Microsoft Dynamics GP Support
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