Hello,
We are wanting to know how/if we can re-do a previous day bank reconciliation. We have a duplicate check item posted to the checkbook by mistake. One item is correct in that it is in the checkbook and posted thru to the GL. However, the other is incorrect because it is only in the checkbook and did not post all the way thru to the GL. We see this happen sometimes with our integrated items from using eConnect. So the checkbook is incorrect with two entries, while the GL is fine since it just has the one. We were not aware of the incorrect item and that it should have been voided out of the checkbook (only) when we went to do our daily bank rec. We mistakenly marked off the incorrect check item when doing our prior day's bank rec and the rec was completed. Therefore, it is after the fact that we are looking to void the incorrect entry and want to re-do our prior day's bank rec so it will be in balance with our GL.
How do we re-do the prior day's bank rec at this point? When we put in all of the information on the bank rec screen, it takes us to the screen where you mark/unmark items, however, it doesn't give us the opportunity to unmark that incorrect item since it is now considered a cleared item because of what we did above.
If we cannot re-do the bank rec, I believe I know what the work around would be - we would enter an IAJ entry and block the posting thru to the GL. This will adjust our checkbook balance to the proper balance, and have no affect on the GL which is what we want. Then on our next bank rec, we simply mark off this IAJ entry and the correct check entry which we should have marked in the first place. Our next rec still will not balance to the GL, but it will be off the same amount we were on the prior day's rec and that difference will be in the opposite direction. So on the third day of our bank recs, we will be back to balancing between the GL and checkbook.
Please let me know if I missed anything.
Thank you.
Val
