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