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Incorrectly Posted Bank IAJ instead of XFers

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Posted on by jkburnell

We accidentally recorded bank transfers within the same company as an IAJ into the one account and when reconciling the account that transferred money from, the book balance is overstated by $170K in the bank reconciliation module (TB ties out fine). We also already reconciled the account that received the cash inflow.

How do post an adjustment that will decrease the overstated balance in the bank reconciliation module?

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Microsoft Dynamics GP

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Lisa at AonC.com 3,132 on at

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RE: Incorrectly Posted Bank IAJ instead of XFers

I agree with Cheryl's answer. Do you mean to have only the Unmarked transactions showing in your Reconcile Bank screenshot? (Neither screenshot is showing transactions so it is hard to match up what you are asking about.)

How does Microsoft Dynamics GP > Tools > Routines > Reconcile to GL look for each checkbook for this period?

Do the DAJ and IAJ have the same checkbook/posting dates? (Expand into the date from the transaction zoom to see the GL Posting Date.)
jkburnell 20 on at

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RE: Incorrectly Posted Bank IAJ instead of XFers

That did not fix the issue.

Here is the issue: Scree shot below is from the TB and other screen shot below is from bank recon module. The TB is accounting for the decrease but the bank recon module is not- why?
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Cheryl Waswick on at

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RE: Incorrectly Posted Bank IAJ instead of XFers

You keyed an 'increase adjustment' in the account that received the money. Therefore, you can just key a 'decrease adjustment' in the account where the money came from. (Transactions | Financial | Bank Transaction, select TYPE of 'Decrease Adjustment').

I hope that helps. Please mark any response as 'answer' if it helps you.

Thank you,

Cheryl W.

Microsoft Support