A bank deposit entry was made in error on 8/21/2020 (account FOJ). It was a duplicate of an entry made to another account (account LET). The deposit entry has remained on the FOJ register since the time it was made. I need to reduce the FOJ bank register balance by this amount but I do not want to delete it or void the transaction for audit purposes. I feel a Journal Entry debit (to FOJ) is the right way to correct this but I do not want to credit another account - or do I credit the correct account (LET) and then void that entry so that I do not inflate that register balance in error?
I'd Void it. Your Audit Trail Report will keep track of the fact you did that, and of its prior state. You can also add a memo to it describing the situation.
In any case, if something was entered in QB that literally never happened, there's no point in keeping it in your books.
I'd Void it. Your Audit Trail Report will keep track of the fact you did that, and of its prior state. You can also add a memo to it describing the situation.
In any case, if something was entered in QB that literally never happened, there's no point in keeping it in your books.
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