|
Posted by Dave_C on May 18, 2007, 2:03 pm
Please log in for more thread options
: quoted-printable
1. Collected rent for March. Deposited March rent at bank for =
$4000.00. Shows on March bank deposits statement as $4000.00.
2. Collected rent for April. Deposited April rent at bank for =
$2000.00. Shows on April bank deposits statement as $2000.00.
3. Both months rent entered into QuickBooks with Group Deposit option =
and posted to March ($6000.00). March bank statement deposits vary by =
$2000.00 and April bank statement vary by $2000.00 when processing =
QuickBooks Bank Reconciliation. March reconciliation not closed yet.
4. Should I revise the March Group Deposit in QuickBooks by deleting the =
$2000.00 April transactions and reenter into April (This option would be =
very time consuming) or reconciliate March and April bank statements =
with the automatic adjustments and would balance for May beginning =
balance reconciliation.
5. Should there be adjustment journal entries made. How is this done =
with recategorizing the month and how would adjustment appear on the =
bank reconciliation screen?
Summary: What is the correct way to recategorize partial group deposit =
to another month to a account that requires reconciliation? I may run =
across this again as I am generating "2006" accounting and financials =
reports.
Thanks
------=_NextPart_000_0016_01C79955.5C440520
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2900.3086" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>1. Collected rent for =
March. Deposited=20
March rent at bank for $4000.00. Shows on March bank=20
deposits statement as $4000.00.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>2. Collected rent for =
April. Deposited=20
April rent at bank for $2000.00. Shows on April =
bank deposits=20
statement as $2000.00.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>3. Both months rent entered into =
QuickBooks=20
with Group Deposit option and posted to March ($6000.00). March =
bank=20
statement deposits vary by $2000.00 and April bank statement =
vary by=20
$2000.00 when processing QuickBooks Bank Reconciliation. March=20
reconciliation not closed yet.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>4. Should I revise the March Group =
Deposit in=20
QuickBooks by deleting the $2000.00 April transactions and reenter into=20
April (This option would be very time consuming) or reconciliate =
March and=20
April bank statements with the automatic adjustments and would balance =
for May=20
beginning balance reconciliation.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>5. Should there be adjustment =
journal entries=20
made. How is this done with recategorizing the month and how would =
adjustment appear on the </FONT> <FONT face=3DArial =
size=3D2>bank=20
reconciliation screen?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Summary: What is the correct way to =
recategorize=20
partial group deposit to another month to a account that requires=20
reconciliation? I may run across this again as I am generating =
"2006"=20
accounting and financials reports.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV></BODY></HTML>
------=
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap