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susan14
Level 1

How do you reverse a deposit to the A/R subledger from a prior month?

 
1 Comment 1
QBsguru
Level 7

How do you reverse a deposit to the A/R subledger from a prior month?

Why are you reversing a deposit?  Did the check you received bounce?  If so, QuickBooks will tell you to set up items for a returned check and re-invoice for the amount of the bank charge plus the returned deposit. 

 

Much easier to create a journal entry.  Credit the bank account for $1010 (example) and include the customer name in the appropriate field.  Debit Accounts Receivable for $1000 and bank charges for $10.

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