Dynamics Community Forum Thread Details

Bank Reconciliations

Initially, we transferred cash from one banking account to another. However, that account's checkbook (the one the money went into) had not been set up yet. Thus, when we try to do a bank rec, the cash transferred into the account (before the checkbook was set up) and does not show up to be reconciled.

How would we correctly reverse this transaction in Dynamics GP? We can't void the original transaction because the first bank account has been reconciled correctly.

Any suggestions would be GREATLY appreciated!

Thanks,

Kimberly

Kimberly,

GP doesn't provide a way for you to transfer money from one bank account to another if the checkbook is not yet setup. That being said, you may have actually made a journal entry to transfer the money from one account to the other. Cash related journal entries will never show up in any checkbook register, ever. If you want to put the transfer in the checkbook so that you can reconcile it without impacting your general ledger, you can create a Deposit Without Receipts in the checkbook. A Deposit Without Receipts will simply increase the balance in the checkbook register without touching the general ledger.

While you are at it, you should probably open the gl cash account card in Account Maintenance and uncheck the Allow Account Entry checkbox so that nobody can post anything directly to the GL cash account. Also, I would clear any options that may be selected in the Include in Lookups area.

The deposit window and the Account Maintenance window are shown below this message.

Kind regards,

Leslie

Deposit without receipts: