PSA L&P - Checks: How to change the bank account from which the check is written

How to change the bank account from which the check is written  

The way to resolve this issue is different depending on the accounting method you use. Click on the link which pertains to you:

We use a cash basis accounting method

We use an accrual basis accounting method

 

 

How to change the bank account during the check printing process when using a cash basis accounting method

The check printing process flow is Print Checks → Create Checks → Print Selected

  • If you have only clicked the Print Checks button and not the Create Checks button, you may simply
    1. Edit the bill for this check and change the bank account
    2. Click the Checks icon at the top of your screen and print the check.

 

  • If you have already clicked the Create Checks button on the second screen of the check printing process, you will need to follow the linked instructions below to void or delete the check (depending on your permissions).
    • If you must void the check, the copy of the bill you create during the void process will be available to pay. You must edit this bill to update the bank account.
    • If you may delete the check, the bill will be unpaid. Edit the bill to update the bank account then pay it again from the checks process.
    • A third option is to journal the entry out of the wrong account and into the correct account ensuring to add the original check number in the comments.

How to delete or void a check which was not printed and which was not flagged as printed

 

How to change the bank account during the check printing process when using an accrual basis accounting method

The check printing process flow is Print Checks → Create Checks → Print Selected

  • If you have only clicked the Print Checks button and not the Create Checks button, you may simply
    1. Click the Checks icon from the Ribbon Bar and select the correct bank account.
      • Do NOT use the back button on the browser, click the Checks Icon.
    2. Print the check.
  • If you have already clicked the Create Checks button on the second screen of the check printing process, you will need to follow the linked instructions below to void or delete the check (depending on your permissions).
    • If you must void the check, the copy of the bill you create during the void process will be available to pay.
    • If you may delete the check, the bill will be unpaid. Pay it again from the checks process selecting the correct account.
    • A third option is to journal the entry out of the wrong account and into the correct account ensuring to add the original check number in the comments.

How to delete or void a check which was not printed and which was not flagged as printed

 

 

 


Related Articles

How to Delete or Void a Check

How voided checks are recorded?

How to handle voided checks in the Bank Reconciliation?

How does a void affect the bill?

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