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POA1
March 27, 2022
Question

A checking account that was written off years ago was recently recovered. How do I account for this?

  • March 27, 2022
  • 1 reply
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We are a small POA. A checking account that was written off years ago was recently recovered. How do I best account for this?

1 reply

Rustler
Rustler
April 7, 2022

Create the bank account if you get it back, then use a deposit to deposit the funds in your recovered or present bank account.  Use Other Income as the source account for the deposit to either account

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