HOW TO REVERSE ENTRY

[oztheguitarman]

31ST MAY 2008


The following entry which was posted, the cheque was never cleared through the bank and the missionary group never issued a tax receipt for this amount.

Ref Journal Date Month Description

340 GE 19/07/2007 July Hilson July Support Dr $ 250 a/c 01-5985
Cr $ 250 a/c 01-1110

Can somebody please give me step by step instructions to reverse the above entry as this is affecting my Income & Expense Statement and
reconcilliation.

I am new at this and want to make sure the entry is correctly processed.

Thanks and regards

Osvaldo De Souza

[Eden Whitehead]

Can somebody please give me step by step instructions to reverse the above entry as this is affecting my Income & Expense Statement and
reconcilliation.

I am new at this and want to make sure the entry is correctly processed.

What version of PC+ do you have?

We use 10.4. Here is something that may help.

In PC+ on the menu bar at the top, click on Help --> Search for Help on

Type in this phrase: void accounts payable

Then click the List Topics button.

When the list is displayed, double-click on the topic: Voiding checks

You will get a page that explains the procedure to do what you are asking.

When you reconcile the bank statement, in PC+ in the debits section you will see the voided check and in the credits section you will see the original check. You can clear both because they cancel each other out.

I hope this helps.

Eden