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Fixing wrong bank account in bank module

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Posted on by kgledhill

Hello - Can I do a bank transaction entry to move a payment coded to the wrong bank account to the correct bank account? Once the CMTRX entry is posted, will the transaction show up in the correct bank account? Or just in the GL?

Thanks!

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Financial Management

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Swain83 65 on at

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RE: Fixing wrong bank account in bank module

One wrong transaction can make you run from pillar to post. Adhil Shetty, CEO & co-founder, Bankbazaar.com, says, "The most important thing to understand is that if a transaction has been made, the bank cannot reverse it from its end without approval from the beneficiary. Bank can only act as a facilitator."

Thanks, www.wellcare.com
Jeff Grant on at

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RE: Fixing wrong bank account in bank module

Hello,

Yes, the Transactions | Financial | Bank Transfers window will let you transfer between Checkbooks (Bank Accounts) in Dynamics GP and the transaction will update each CASH bank account associated with each Checkbook ID (along with the GL) accordingly.

Best Regards,

Jeff

Dynamics GP Support