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?
Go to Solution.
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
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
Potatoe - potato : same effect, choose either
Thank you very much for your help. Greatly appreciate it