CNA L&P - Checks: How to fix a check that was cashed before the actual check date?

How to 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.

 

Example:

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

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