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Bank made a mistake on cleared check

Hi. I am trying to reconcile my account and notice that the bank cleared a check for $100 more the original amount. Check was written for $555 and cleared as $655. The bank is fixing their error but how do I continue reconciling? 

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Best answer 03-12-2019

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Re: Bank made a mistake on cleared check

@Ringe1200 

Split the $655: 1st line is whatever the $555 was for, and the 2nd line is a current asset account Other Receivables, or similar, for the $100

4 Comments
Established Community Backer ***

Re: Bank made a mistake on cleared check

for now you will have to add another $100 check coded to some current asset (prepaid?) and clear if - then add a $100 deposit when its reversed

Established Community Backer ***

Re: Bank made a mistake on cleared check

@Ringe1200 

Split the $655: 1st line is whatever the $555 was for, and the 2nd line is a current asset account Other Receivables, or similar, for the $100

Established Community Backer ***

Re: Bank made a mistake on cleared check

Potatoe - potato : same effect, choose either

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Re: Bank made a mistake on cleared check

Thank you very much for your help. Greatly appreciate it 

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