In our US bank, which is not our functional currency, a Bank Deposit transaction was entered on April 6. However, it was dated June 6 by mistake. This created a journal entry in the functional (Canadian) currency in the U.S. bank account in the GL. We can't reverse the JE because it throws the account off even more.
Is there a way to fix this? We tried an increase adjustment for April and a decrease adj. for June. This had the same effect as reversing the JE, which fixed the US exchange account, but left the bank in a negative.
Do I have to turn off posting for part of the fix?
Thanks!
Barb E.
Is there a way to fix this? We tried an increase adjustment for April and a decrease adj. for June. This had the same effect as reversing the JE, which fixed the US exchange account, but left the bank in a negative.
Do I have to turn off posting for part of the fix?
Thanks!
Barb E.