Reverse an incorrect Bank Deposit

Owned by Glen Thonis (Unlicensed)
Aug 18, 2014
1 min read

I've recorded a deposit but the amount was incorrect and some of the checks should not have been included.  How do I properly undo the deposit so I can redo it with the correct checks?

There are 3 main steps to this process:

  1. Cancel the deposit that was done incorrectly

  2. Open the Bank Reconciliation and reconcile the incorrect deposit with its reversing transaction

  3. Redo the deposit with the correct checks or cash amount.

 The following video will go over how to do these steps: