Adjustments to Deposit Supplements and EFTPOS Supplements

If a receipt with a payment type of Cheque, cash or EFTPOS is deleted after the supplement has been advanced, this will create and Adjustment entry to the DS # or EFTPOS Supplement number.  Normally this will reconciled along with the supplement, plus any correcting entry.  Correcting entries would normally be done as a Direct Credit to bypass the current supplements.  The total of all three items, should match the amount banked.

Journal Entries

If you are unable to correct the unreconciled receipts then you may like to consider entering a ‘journal’ entry.  This can be on a one for one basis, or one reversal entry that encompasses a number of items, for instance all unreconciled items for a specific year.

Enter the ‘journal’ as an Other Receipt, but as a negative amount and as a Direct Credit.

Date the transaction within the period that you are currently reconciling

 

Use F8 to allocate to an appropriate Account Heading, i.e. Cashbook errors.

Once you have entered the transaction, reconcile this entry and the items it is reversing. 

The net effect on the bank statement balance will be no change.