How do I record a reimbursement?
To record a reimbursement for an over-payment that was not a payroll over-payment you will reverse the original transaction.
The original transactions would have credited cash and debited another account. With a deposit you are debiting cash and you will credit the original account that was used (debited).
Check credits cash -10.00
Deposit debits cash 10.00
Net effect -0-
Other account debited 10.00**
Other account credited -10.00**
Net effect -0- **The account has to be the same account to have a -0- effect