Clear a Deposit Error
Before
you start
This topic describes the procedures to follow if:
- A deposit cleared with a different amount than the posted batch total.
- A data entry error occurred in the originating program.
Or
To clear deposit errors:
-
If
a deposit cleared with a different amount
If a deposit cleared the bank with a different amount than the amount displayed in the Deposits column, type the amount from the bank statement in the Cleared Amount column.
The Reconciliation Status changes to reflect the amount of the difference, as follows:
- If the difference is less than the error spread specified in the bank record, the deposit is marked Cleared With Write-Off. The difference is posted to the Clearing Errors account when you post the reconciliation.
- If the difference is greater than the error spread, the deposit is marked Cleared With Bank Error. The difference is carried forward to your next reconciliation. (For instructions to clear the error amount, see Clear a Bank Error.) To write off the difference, even if it is greater than the error spread, change the deposit status to Cleared With Write-Off.
-
If
a data entry error occurred
If the bank statement shows a different deposit total than the deposit amount shown on the Reconciliation tab because of a data entry error or omission in the originating program, and the error is too large to post to the Clearing Errors account, you should correct the error by reversing the transaction, and then processing the correct transaction.