Deposits are doubled with withdrawal amounts

For the month of August only, I am trying to do a bank reconciliation, my deposits are doubled and the withdrawal amount is the correct deposit.
EX. deposit of $2000 is
Deposit $4000
Withdrawal $2000
Same line....Why would this happen????

Parents
  • 0

    I can't say for sure, but I would suspect that the linked account for the Principal Bank Account for your Receipts module is the actual bank account and you are or were using the Deposit feature in the program to deposit the money to the bank.

    When the bank is the linked account for your Receivables module, the program will deposit the money to the bank when you record the receipt.  Then the Deposits feature will remove it from the account it was in and deposit it to the bank.

    If you click Show Deposit Slip Details you will see a little more information.

    If you double click the dollar amounts of the entries, you will see the journal entries and can trace them that way.

    My guess about why August only is that you changed the linked account or stopped doing deposits.

  • 0 in reply to Richard S. Ridings

    Yes!! Thank you. Now I assume I can only do a reverse journal entry to correct this matter 

  • 0 in reply to ashley s

    I am not sure what you think needs to be corrected?

    The example you provided indicated a $2000 deposit to the bank and the balance of the bank account increased by $2000 based on the entry you gave us.

    What is there to correct?  Just click off the line and move on.

    If you do a reversal entry, you will get a Debit of $2000 and a Credit of $2000 in the bank account.  Where is the gain in clarity?

Reply
  • 0 in reply to ashley s

    I am not sure what you think needs to be corrected?

    The example you provided indicated a $2000 deposit to the bank and the balance of the bank account increased by $2000 based on the entry you gave us.

    What is there to correct?  Just click off the line and move on.

    If you do a reversal entry, you will get a Debit of $2000 and a Credit of $2000 in the bank account.  Where is the gain in clarity?

Children
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