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Dru_Beekeeper
Level 1

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!!

Solved
Best answer March 11, 2022

Best Answers
Rustler
Level 15

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

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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