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M
Michele54
April 13, 2021
Question

Bank balance

  • April 13, 2021
  • 1 reply
  • 0 views

I have found several entries that i actually recorded twice for 2020. These amounts i have deducted from my balance, and because they were duplicates, they should not have been..... i need to add the amounts back to my balance but i have already made an acct copy for the cpa, so I cannot just void them. Can i make JE and just reverse them?

1 reply

M
MadelynC
April 13, 2021

Yes, you can, @Michele54.


You can create a journal entry to reverse the amounts. While doing this task, I’d recommend contacting your CPA for assistance. They can give you advice to ensure books remain accurate.


Here are the steps to do it:

 

  1. Go to the Company menu and select Make General Journal Entries.
  2. Fill out the fields and make sure your debits equal your credits when you’re done.
  3. Select Save & Close.


This reference provides more information about recording journal entries in QuickBooks Desktop. It includes steps to edit, reverse and delete an entry.


You can also visit this reconcile account reference to ensure everything matches your real-life bank and credit card statements. This allows you to compare a list of transactions, so you’ll know accounts are balanced.


Don’t hesitate to add a comment below if you have additional questions concerning bank balance. I’m here to help. Always take care!

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