Void Payment to wrong bank?

[dbant2009]

Our AR person did a receipt but used the wrong bank causing the document to be posted to the wrong accounts. Is there a way to return this payment and redo it to the correct bank with out using the void posted transcation method we have been instructed to do. Any help would be appreciated. Thank you.

 

[VictoriaYudin]

If you don't want to void the cash receipt in AR, you could do one of the following in Bank Rec:

1. Transfer the received amount from the wrong checkbook to the right checkbook.
2. Enter a decrease adjustment or a withdrawal from the wrong checkbook and an increase adjustment or a receipt into the right checkbook.

Which method to choose would most likely depend on other factors, like if this was deposited separately or with other cash receipts, what the status of the deposit is, etc.

The above assumes you're using Bank Rec. If you are not, you could simply enter a GL transaction to correct this.

Victoria Yudin
Dynamics GP MVP 2005 - 2009
Flexible Solutions - home of GP Reports

http://www.flex-solutions.com/gpreports.html

blog:

http://victoriayudin.com