[Make] Deposits shows a spurious undeposited item

Posted by Larry Sabo on January 9, 2009, 8:40 pm

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Using QB Pro 5. When I went to record the deposit for a couple of
cheques I deposited at the bank today, the list of undeposited items
included a payment that had already been deposited a month or so ago.
There are no undeposited payments from that customer and the
Undeposited Funds account balance is zero (after recording the deposit
made today). I can't figure out why that spurious item is still in the
list of undeposited items, nor how to appropriately remove it. I
validated the data file and that found no errors.

The customer in question has only had two business transactions, one
involving cash payment, the other payment by cheque (which was grouped
with other undeposited funds and deposited the next week). That
deposit appears in the registers correctly, as dose the cash receipt.

Any suggestions will be gratefully received.

Larry

Posted by Larry Sabo on January 9, 2009, 9:39 pm

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>Using QB Pro 5. When I went to record the deposit for a couple of

>cheques I deposited at the bank today, the list of undeposited items

>included a payment that had already been deposited a month or so ago.

>There are no undeposited payments from that customer and the

>Undeposited Funds account balance is zero (after recording the deposit

>made today). I can't figure out why that spurious item is still in the

>list of undeposited items, nor how to appropriately remove it. I

>validated the data file and that found no errors.

>The customer in question has only had two business transactions, one

>involving cash payment, the other payment by cheque (which was grouped

>with other undeposited funds and deposited the next week). That

>deposit appears in the registers correctly, as dose the cash receipt.

>Any suggestions will be gratefully received.

>Larry

======================

Just to follow up with additional information, I realize now that the
sale transaction that gave rise to the unrecognized deposit in
question, was originally mis-entered with an item code for an asset
account (Tools & Equipment-original Cost). While doing my taxes, I
noticed the error and edited the sale transaction by entering the
correct item (Consulting, a revenue item).

Further, I notice that the sale transaction is not marked reconciled
in the Undeposited Funds account, even though the deposit of the
attendant payment is reconciled. How do I go about correcting that
reconcilliation?

Larry