Deposit Error
Moderators: Moderators, Tech Support
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latricia00
- Posts: 2
- Joined: Sat Dec 23, 2006 11:02 am
Deposit Error
Hello, by mistake I deposited money into our checking accounting when it was suppose to go into our escrow account at the bank. However, in the PC contributions module the deposit were entered into the correct accounts. So now I'm reconciling the accounts and the deposit is showing up on the bank statement in the checking account, but of course its showing up it the escrow account in PC. Please help me correct this error?
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Zorak
- Tech Support
- Posts: 3112
- Joined: Thu May 13, 2004 9:59 am
- Location: PowerChurch Software
- Contact:
You can either:
Reverse the original transaction (using the View Posted Transactions screen in Fund Accounting, if you are on v9 or 10 ... or in older versions, just reenter the transaction, only switch the DB & CR columns) Then enter the transaction again to the proper account. This will remove the transaction, then correct it.
or
Enter an adjusting journal entry Crediting the Escrow account and Debiting the checking account. This will just move the money to the right account in PC+.
Reverse the original transaction (using the View Posted Transactions screen in Fund Accounting, if you are on v9 or 10 ... or in older versions, just reenter the transaction, only switch the DB & CR columns) Then enter the transaction again to the proper account. This will remove the transaction, then correct it.
or
Enter an adjusting journal entry Crediting the Escrow account and Debiting the checking account. This will just move the money to the right account in PC+.