User Support Forum

Hello Everyone,
So I noticed that my State Taxes account was exactly one months worth of payments off. Turns out I still had an unreconciled check from 2013 in there. It was a duplicate because my 2013 balanced 100%. So I voided the check but it won't post to Fund Accounting because it's in a month that's already closed. How do I go about correcting this transaction in the Fund Accounting Module? Basically I need the money back in 01-2220-000.

Would I
CR 01-2220-000 .xx
DB 01-1110-000 .xx
as of 01-01-2014

Since this is a liability account I'm just not positive this is correct.

Thanks,

Luke

The reversal transaction is just like you would see for an expense account, except the liability account is used.
You really have no choice in using the January 1st date since the original month was closed. I would include as much information in the transaction to explain why the reversal was necessary.

The transaction you have listed should be fine.

Thanks Neil,
Do they give you free upgrades and support for all the help you give on the forums? If not they should.

Luke

newsboy9 wrote:Thanks Neil,
Do they give you free upgrades and support for all the help you give on the forums? If not they should.

Luke

Glad to have helped.