Clearing off payroll checks of an inactive bank account

ALS2289 · ‎May 20, 2024

Hello,

I need help clearing old payroll checks in one of my closed bank accounts on the QB desktop.

We had to close this account due to fraud, and recently, we opened a new account. However, I want to clear off old checks to the closed account, and I wonder if I need to write a journal entry for it or if there is another way?

RhoiceW · ‎May 20, 2024

Yes, ALS2289. You can create a Journal entry in QuickBooks Desktop to record it.

Before making any changes to your company files, consider making a backup copy. This way, you'll have a copy you can restore in case of accidental data loss or damage.

After making a backup, create an expense account for the fraudulent activity. It's best to consult your accountant to ensure accurate recording and avoid bookkeeping errors.

Furthermore, you can refer to this article to learn how to reconcile your account in QBDT: Reconcile an account in QBDT

Don't hesitate to post your concerns in the Community if you still have concerns about managing your closed books. I'm always here to lend a hand.

Topics

Training

Community

Resources

Clearing off payroll checks of an inactive bank account

Clearing off payroll checks of an inactive bank account

2 checks cleared the bank but do not show up on the check register

I want to add inactive quicken bank account to quickbooks

Where do I find inactive accounts? Specifically a bank account. TY

Hello, How to record my third party payroll on Quickbooks online? And how to match employees check once they have deposited and it has cleared from my bank account?

Clearing Zero balances in Accounts Receivable

Need to get in touch?