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Fix a wrong Bank Transaction

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Posted on by Karina Araujo

Last month I entered accounting receivables in the wrong account. I entered it in Bank Transactions, increase adjustment ,debt to bank and a credit to bank. I should had entered debt to bank and credit to receivables. I don't know how this entry did not throw off my balance in bank reconciliation. Now I have to fix my AR. How can I do it?

Thank you,

Karina

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Microsoft Dynamics GP

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MATTGUO 22,353 Moderator on at

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Hi Karina,

Which product are you using?

Is the operation in general journal?

Could you reverse this wrong transaction and enter the correct transaction?

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Karina Araujo 7 on at

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I'm using the Microsoft Dynamics GP.

I am not sure if I could reverse it because I entered bank against bank. Do you really think it would work?

I appreciate your help.

Karina

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MATTGUO 22,353 Moderator on at

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Moved to GP forum: community.dynamics.com/.../microsoft-dynamics-gp-forum

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Jeff Grant Microsoft Employee on at

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Hi Karina,

I would recommend performing a decrease adjustment in the checkbook to the same accounts to back out your increase adjustment.

Then void out the receivables document in question for re-entry at the same date.

If the entry was an invoice and there is a payment applied to it you would first need to void out the payment to void out the invoice accordingly.

Theoretically the void/re-entry documents should make your corrections automatically when posted.

Best Regards,
Jeff

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