posted check to wrong month

[mocat]

I've never reversed a transaction and before I make matters worse, I want to make sure of what the correct procedure is.
to reverse the transaction; do I go into accounts payable and re-enter all information just like the first
time but reverse the credit and debit amounts. Then after making sure of info, post. then re-enter the information with the same check number and post to the right month.

[JohnDMeyers]

Your Accounts Payable module is ok. You don't have to void the check, although you could, and start over. Voiding the check is the Accounts Payable way of reversing a transaction. If you ever do void a check for this purpose, make sure you post the voided check to the incorrect month in Fund Accounting, then reissue the check and post it in the correct month in Fund Accounting.

Now that I've explained what not to do (in great detail), here's a couple of ways to reverse the transaction in Fund Accounting, leaving the Accounts Payable module alone.

If you go to Fund Accounting, View Posted Transactions, you can locate your incorrect transaction, and click on the REVERSE tab at the bottom, and PowerChurch will set up the transaction for you. Just post that transaction in the "incorrect" month, and re-enter the same information with the Debit and Credit switched for the correct transaction.

To enter the reverse transaction manually, go to Fund Accounting, Enter Transactions. Call the transaction something like CORR CK 1457, or REVRSE MNTH CK1457, or something like that.

If the original check looked like this:
DB 01-5180-000 $450.00
CR 01-1110-000 $450.00

then enter the same account numbers with the Debit and Credit reversed:
DB 01-1110-000 $450.00
CR 01-5180-000 $450.00
Post in the "incorrect" month


then re-enter the correct posting, only in Fund Accounting:
call it something like 1457CORRECTION, or simply 1457, with the check number first, to sort properly in the reconciliation window:
DB 01-5180-000 $450.00
CR 01-1110-000 $450.00
Post in the "correct" month.