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Dru_Beekeeper
Level 1
posted
‎March 11, 2022 07:35 AM
last updated ‎March 11, 2022 7:35 AM

Reconciliations

VERY new to QuickBooks and doing OJT. 

If there's a fraudulent check on January's bank statement and the bank reverses it on February's statement, how do I enter it so I can reconcile both month's statements? TIA!!

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Best answer March 11, 2022
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Rustler
Level 15
‎March 11, 2022 08:11 AM

Reconciliations

In Jan you post the fraudulent check and use an expense account you create in the chart of accounts called fraud

 

In Feb you deposit the funds and use that same fraud expense account as the source account for the deposit

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1 Comment 1
Rustler
Level 15
‎March 11, 2022 08:11 AM

Reconciliations

In Jan you post the fraudulent check and use an expense account you create in the chart of accounts called fraud

 

In Feb you deposit the funds and use that same fraud expense account as the source account for the deposit

Reply Join the conversation
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