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Level 1

How do I write off an uncleared deposit in my bank reconciliation from a previous year without impacting the previous years profit?

In error a deposit was posted in September 2015, with the corresponding side going to a balance sheet account.   THis is still sitting as an uncleared deposit on my bank reconciliation. I want to write this back without impacting the reconciliations from the previous year.  How do I do this?   I understand if a void a check, the void with backdate to the date the check was cut, I dont want this impact.

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Best answer 12-10-2018

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Level 6

How do I write off an uncleared deposit in my bank reconciliation from a previous year without impacting the previous years profit?

Enter a check to the same acct and same amt. as the items in the deposit was applied (i.e., sales acct) and then next time you reconcile you clear that deposit and the check.  Date the check in this fiscal year and write notes as to why you entered this check, like to clear duplicate deposit that did not clear the bank or something like that.

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Level 6

How do I write off an uncleared deposit in my bank reconciliation from a previous year without impacting the previous years profit?

Enter a check to the same acct and same amt. as the items in the deposit was applied (i.e., sales acct) and then next time you reconcile you clear that deposit and the check.  Date the check in this fiscal year and write notes as to why you entered this check, like to clear duplicate deposit that did not clear the bank or something like that.

View solution in original post

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