General Ledger Reconcile Bank Account Correcting Deposits
Reconcile a Bank Account - Correcting Deposits (continued)
Bank Deposit is a lower amount than the SedonaOffice Customer Check
If your bank processed a check for an amount lower than what your customer check deposit shows in SedonaOffice, you will need to do two things:
1. Reverse the deposit of original payment batch in which the short-paid check was deposited, change the check amount to the amount processed by the bank, then redeposit the batch with the original posting date.
2. Create a Miscellaneous Invoice on the Customer's account for the amount short-paid by the bank. Before creating the invoice on the Customer's account, you must first setup an Invoice Item in SedonaSetup to use for Bank Over/Under Payments. When creating the Invoice Item, instead of using an income account in the account field, use the GL Account created for Bank Over/Under Payments.
When creating the Miscellaneous invoice, select the Invoice Item for Bank Over/Under Payments. Date the invoice the same date as the date of the original payment date; the amount will be the amount your bank under-paid the check. Naturally you should contact your customer to let them know you are aware of the the banking error.