Uncleared deposits
i've got deposits sitting in reconciliation that have not cleared. How do I clear these deposits without affecting profit and loss or balance sheet?
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dJXi1auOSr4yUOacwZ5xHE
02/08/12 11:34am PST
Viewed by asker 04/04/12 10:33am PDT
Viewed by asker 04/04/12 10:33am PDT
5 Replies
ljkbooks
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Questions answered: 6977
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02/08/12 2:51pm PST
Hi veeh,
You need to investigate and find out why the have not cleared. Are they duplicates? Go to Reports > Banking and select Deposit Details. Set the date range to the date of of those uncleared deposits. See if there are duplicates.
Laura Kaniuk - LJK Bookkeeping Services
02/28/12 7:03am PST
If they are not duplicates and they did not clear, then they must have been entered by mistake?
You can go to the payments directly in the customer section and delete them (if it is within the current fiscal period).
02/10/12 1:23pm PST
What do you do with a deposit that has cleared and still sitting in bank rec sheet?
02/28/12 9:43am PST
Latest post
The solution
It sounds to me that Deposits are not being recorded correctly.
Are you using Undeposited Funds? If you are, in the Make Deposit screen screen you will see Undeposited Funds in the From Account. This would be correct.
If you do not see Undeposited Funds and see an Income Account, it is possible that this is wrong. This Deposit would not be associated with an Invoice or Sales Receipts. These Deposit would need to be deleted. It is possible that Income is over-stated.
Laura Kaniuk - LJK Bookkeeping Services
