How do I fix a check that was cashed early?
- If the check is cashed during the period the bank reconciliation covers, it won't affect your reconciliation.
- It the check date in ConnectNow Accounting and the date cleared are in different months, you won't be able to reconcile the bank statement until you fix this problem.
CNA check is dated 12/1 for $100
Check cashed 11/30
Create a reversing journal entry:
11/30 journal entry:
dr Choose an account
cr bank acct
12/1 journal entry:
dr bank acct
cr exp account you used in the 11/30 JE