Answer
The exact process depends on how the check was recorded.
Related Information
If the check was recorded in a prior closed Fiscal Year you will need to pull the check up and go to the screen where you enter debits and credits, then click the Adjust Current Year Button.
If you suspect this may be the case see KB 1666-FAQ-Find Transactions Posted into a Closed Fiscal Year and Update Them to Adjust the Next Open Fiscal Year.
- If the check was recorded as a receipt against an AR Invoice see KB 14616 How to Account for a Return/NSF Check in Accounts Receivable.
- If the check was recorded as a Cash Receipt or a Journal Voucher then you would reverse that cash receipt. See KB 966 How to Reverse a Posted Entry for Any Transaction Type.
- If the check was recorded in some other method you would need to reverse it as well.
Related Information
If the check was recorded in a prior closed Fiscal Year you will need to pull the check up and go to the screen where you enter debits and credits, then click the Adjust Current Year Button.
If you suspect this may be the case see KB 1666-FAQ-Find Transactions Posted into a Closed Fiscal Year and Update Them to Adjust the Next Open Fiscal Year.
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Product Info
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MIP Fund Accounting
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General Ledger
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