User Support Forum

We recently had to go to the bank and get a cashier's check to purchase a used van. How would I enter this? (Manual check using cashier check numbers??)

Also, this check then was deposited back into the checking account as it was no longer needed to purchase the van (it was later handled electronically).

Do I bring in the deposit through Fund Accounting and then credit the expense account originally debited when the cashier's check was written and debit the bank/asset account? (We are using an expense account for now and then will later move it to fixed assets

When the cashier's check was deposited back you would want to reverse the original entry made when the cashier's check was written.