Hi Everyone,
In June, one of my coworkers accidentally entered a bank deposit transaction which did not existed at all if you match the bank statement.
She entered Dr $51 from bank (Cash in) and Cr $51 for Un-explainable revenue account on June 5 via increase adjustment under Transactions - Financials - Bank Transaction. After bank reconciliation done, this $51 deposit become pending deposit.
When I take her job, I spot this mistake. When I try to void this transaction, I went to Transactions - Financials - Bank Transaction then void this transaction but I choose transaction date on July 1, 2017.
When I was voiding it, June period has not been closed in GP. But June is the last month of our financial period. Again, last year has not been closed neither due to ongoing auditing.
As a result, GP made below entries:
June 5, Dr bank $51 and Cr bank $51
July 1, Cr bank $51 and Dr bank $51
I cannot see this pending deposit from Bank Reconciliation because I voided it. But, if you add trail balance for bank in June, it is still have $51 on debit side.
Can anyone is able to explain to me what GP entries mean and do I need to do something further?
Thanks.
PZ
