Finding, reversing and removing bank deposits of undeposited funds transactions

Receive Money Overview > Preparing a bank deposit of undeposited funds transactions > Finding, reversing and removing bank deposits of undeposited funds transactions

After recording a bank deposit of undeposited funds transactions, you may want to review the receipts that you included on the bank deposit. Recorded bank deposits can be found using the Transaction Journal and the Find Transactions window. You can choose to display the transaction in the Prepare Bank Deposit window by clicking the arrow next to the transaction. While you can remove or reverse the bank deposit, the bank deposit can't be changed. When a bank deposit is removed or reversed, all of the receipts included in the bank deposit are returned to the Prepare Bank Deposit window. (Whether a bank deposit can be reversed or removed depends upon whether your company file is changeable or unchangeable. For more information, see What are changeable and unchangeable transactions?)

Note: To remove a receipt recorded on a bank deposit, you must first remove the bank deposit

If you wish to remove an individual receipt that was recorded on a bank deposit of receipts grouped in the undeposited funds account, you must first remove or reverse the bank deposit.

If you choose to remove the bank deposit, receipts that were included on the bank deposit can be removed or reversed. (If you have a changeable company file, receipts included on a bank deposit that were recorded in the Receive Money window can also be edited once the bank deposit is removed.)

If you choose to reverse the bank deposit, receipts that were included on the bank deposit can be reversed. (If you have a changeable company file, receipts included on a bank deposit that were recorded in the Receive Money window can also be edited once the bank deposit is reversed.)

Whether a bank deposit can be reversed or removed depends upon whether your company file is changeable or unchangeable. For more information, see What are changeable and unchangeable transactions?

Click below for the step-by-step procedure:

To remove a bank deposit for undeposited funds transactions

To reverse a bank deposit for undeposited funds transactions