QUESTION:
How do you Void / Reverse a Check for Wrong Amount Journal Entry?
If a Check for Wrong Amount journal entry was posted incorrectly and needs to be effectively “voided”, you will need to make a reversing journal entry.
Note: The Check must NOT have been reconciled during a previous reconciliation OR checked off while performing a current reconciliation.
PROCESS:
From JE’s > Edits > Check for Wrong Amount
If this was the Original Check for Wrong Amount Journal Entry you posted:
This is the REVERSING journal entry you would need to post:
On the reversing Check for Wrong Amount JE:
- The Transaction Date should be the same date as the original JE (as long as the original date is not in a reconciled month).
- For the Account - select the same Account on the original JE.
- For the New Amount – enter what was the Old Amount on the original JE.
- The Reference should be ““Reversing JE # < ####> “
This is what the reversing JE Proof Sheet would look like for this example: