Void prior year Check
how to void prior year check to current year? I have the prior year closing date set and password protected. When attempting to void the check it ask for password because it will affect the prior year.
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04/15/10 12:18pm PDT
Viewed by asker 04/19/10 11:24am PDT
Viewed by asker 04/19/10 11:24am PDT
5 Replies
lynda
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04/15/10 2:34pm PDT
Believe me, your accountant willl thank you for not distubing a prior period's numbers. Here is how you void a check from a prior period:
Make a deposit (in record deposits on home page) use your vendor name, the acct. is the same expense acct as the voided check and the amt. is the same amt. as the check. Date it in 2010 and in the next reconciliation, clear both the check and the deposit.
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Lynda Artesani
Artesani Bookkeeping
www.artesanibookkeeping.com
Lynda Artesani
Artesani Bookkeeping
www.artesanibookkeeping.com
01/03/13 9:45am PST
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This is such a simple and effective method to just get that old check of the books - Thank you so much. You can also put notes in the memo field of the original check to create a better paper trail of what you did.
There are other help sites that have a 5 step process including JE's that go into closed periods - scary!
04/19/10 6:27am PDT
I don't think this will work. I am trying to void a 2009 check in 2010. I don't want the 2009 final numbers to change. I need a debit to cash and a credit to expense in 2010. I can do a journal entry, but the check will not reflect Void on the check register.
lynda
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Questions answered: 29132
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04/19/10 6:55am PDT
You need to make the deposit in the current year. The deposit it to the same acct as the check you want to void. That way you will return the funds to the original expense acct. or COG acct. so it will zero out this acct. When you do the bank reconciliation you will clear the old check. DO NOT VOID IT. The bank deposit to the same acct. will clear the acct. in the current peroid and make the adjustment to the prior period in the current period.
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Lynda Artesani
Artesani Bookkeeping
www.artesanibookkeeping.com
Lynda Artesani
Artesani Bookkeeping
www.artesanibookkeeping.com
