CNA L&P - Deposit: How do I record a reimbursement?

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

 

 

    

 

 

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