User Support Forum

Hello,
I know this question has been answered before but when your on information overload like I am, sometimes a question needs to be asked/clarified more than once.
This is our first month using PC. We had a few checks that were posted in Nov & Dec 2012 but just cleared the bank this month. In other words, we had 5 checks totaling $700 that were written out last year but showed up/cleared on January 2013 bank statement. How do we show this transaction in Fund Accounting if at all?
What would the CR and DB and categories look like?
Thanks,

latesa wrote:Hello,
I know this question has been answered before but when your on information overload like I am, sometimes a question needs to be asked/clarified more than once.
This is our first month using PC. We had a few checks that were posted in Nov & Dec 2012 but just cleared the bank this month. In other words, we had 5 checks totaling $700 that were written out last year but showed up/cleared on January 2013 bank statement. How do we show this transaction in Fund Accounting if at all?
What would the CR and DB and categories look like?
Thanks,

Did you enter these outstanding checks into the system when you setup accounting ?? If so, they're already accounted for in the starting balance.

When you do the reconcile make sure you select show ALL DATA.

No I didn't enter these checks into the system when I set up accounting.
What do I need to do now?