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Former Member

Canceled Incoming Payment after External Reconciliation

Hi Experts!

Good day!

I just want to ask and this was the scenario. We created an incoming payment, create a deposit and do the bank the external reconciliation. After a week, the check being deposited and reconciled was cancelled due to insufficient fund. Then we record incoming payment again related to the check cancelled and reconciled. Now my question is, what happened to my bank reconciliation before, since there is a cancelled check? And what would be the treatment of my correct incoming payment since it's floating in my deposit since the first check canceled was reconciled?

I really need your help on this matter. Thank you

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