Debit entry under contribution on reconcilliation screen

[PLitada]

entered a debit on the accounts payable screen and it showed up under my
contributions. I have voided it but it is still under my contributions on
the reconciliation screen. How do I get it out of the contributions? It
shows it has been voided but still shows it as being an outstanding deposit
on my report.

[NeilZ]

entered a debit on the accounts payable screen and it showed up under my
contributions. I have voided it but it is still under my contributions on
the reconciliation screen. How do I get it out of the contributions? It
shows it has been voided but still shows it as being an outstanding deposit
on my report.

Could you explain what you mean by a debit? You entered a check but reversed the debit & credit entries ?? Is that what you mean?

If it was voided, then that void entry will be the mirror to the original transaction. You should select both and they then cancel each other out. You should then reconcile.

[PLitada]

entered a debit on the accounts payable screen and it showed up under my
contributions. I have voided it but it is still under my contributions on
the reconciliation screen. How do I get it out of the contributions? It
shows it has been voided but still shows it as being an outstanding deposit
on my report.

Could you explain what you mean by a debit? You entered a check but reversed the debit & credit entries ?? Is that what you mean?

If it was voided, then that void entry will be the mirror to the original transaction. You should select both and they then cancel each other out. You should then reconcile.

I entered a debit on the manuel check screen. I than voided said debit but it still shows up as an outstanding deposit on the reconciliation screen. I didn't reverse the debit and credit entry. I notice that every time I void a Debit transaction, it always shows as an outstanding contribution on the reconciliation screen.

[NeilZ]

entered a debit on the accounts payable screen and it showed up under my
contributions. I have voided it but it is still under my contributions on
the reconciliation screen. How do I get it out of the contributions? It
shows it has been voided but still shows it as being an outstanding deposit
on my report.

Could you explain what you mean by a debit? You entered a check but reversed the debit & credit entries ?? Is that what you mean?

If it was voided, then that void entry will be the mirror to the original transaction. You should select both and they then cancel each other out. You should then reconcile.

I entered a debit on the manuall check screen. I than voided said debit but it still shows up as an outstanding deposit on the reconciliation screen. I didn't reverse the debit and credit entry. I notice that every time I void a Debit transaction, it always shows as an outstanding contribution on the reconciliation screen.

So by debit, you created a manual check, which is a debit/credit transaction. For every debit, you must have a credit.

As far as the system creating an entry in the Deposits and Other Additions area of the Reconciliation screen, that is the way its supposed to work. That area is NOT just for contributions deposits, it for ANY transaction that deposits money into the asset account you're reconciling. The system creates a reversing transaction, which puts money back in the checking account, so that transaction needs to be cleared along with the original transaction.

[PLitada]

As far as the system creating an entry in the Deposits and Other Additions area of the Reconciliation screen, that is the way its supposed to work. That area is NOT just for contributions deposits, it for ANY transaction that deposits money into the asset account you're reconciling. The system creates a reversing transaction, which puts money back in the checking account, so that transaction needs to be cleared along with the original transaction.

Believe it or not, I never knew that but it makes perfect sense to me. They did clear each other out and my balance is now zero. However, the total deposit/credit amount, as well as the checks/withdrawals/debit amount, does not match my bank statement.

[NeilZ]

As far as the system creating an entry in the Deposits and Other Additions area of the Reconciliation screen, that is the way its supposed to work. That area is NOT just for contributions deposits, it for ANY transaction that deposits money into the asset account you're reconciling. The system creates a reversing transaction, which puts money back in the checking account, so that transaction needs to be cleared along with the original transaction.

Believe it or not, I never knew that but it makes perfect sense to me. They did clear each other out and my balance is now zero. However, the total deposit/credit amount, as well as the checks/withdrawals/debit amount, does not match my bank statement.

If your reconciliation came out to zero, then the system MUST match the bank statement.

When you do the reconciliation, the first screen asks for the Ending Balance as of the closing date of the statement. Once your reconciliation results in zero, the system is reconciled.

If you print the reconciliation report, you will see that the system matches the bank statement as of the date of the bank statement, and it will also show you a list of checks and deposits/contributions/voids that are dated after the bank date.

Please give a better explanation of why you think the system does not match the bank statement!