I have checks from a prior financial period (year has been closed and financials produced & reported) that have not cleared. From reading the string above I understand that making a deposit in QB for the exact amount of those checks will allow me to clear them from the QB bank reconciliation. How do I make an adjusting entry to correct the expense for a prior period? Management will not approve reopening the prior period for adjustments, so I need to work with the accounts and reporting in the current financial year. I appreciate your help!
