Voiding a Reconciled Deposit

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Posted on by Community Member Microsoft Employee

How do I void a deposit after it has already been reconciled? I received a payment and applied it erroneously to the incorrect company's invoice. Since it was month end it has already been reconciled. Is there a way to correct this? Please help! :)

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Community Member Microsoft Employee on at

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RE: Voiding a Reconciled Deposit

Thank you Leslie - I appreciate your response!
Community Member Microsoft Employee on at

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RE: Voiding a Reconciled Deposit

Thank you Heather - I appreciate your response!
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L Vail 65,271 on at

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RE: Voiding a Reconciled Deposit

Heather is right, but if you are backed against the wall. you can void the item at the subsidiary level. It kind of overrides the checkbook. I think that's how it works anyway.

Kind regards,

Leslie
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Heather Roggeveen 9,142 on at

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RE: Voiding a Reconciled Deposit

Hi Jordan

Rather than void the payment, it is probably just simpler to do a debit note against the company you applied it to in error and then a credit note against the correct company.

Use a clearing account to code the transactions to and they will offset.

Cheers

Heather