Question
Issued Checks to vendor then cancelled and QuickBook returned
Hello - we issued checks, the checks created bank transactions as money sent so we matched it to the open invoices/bills. The checks were not received by vendor so we contacted QuickBooks to void the checks and return the amounts of the checks. We have received all the money back into our bank account and now he have money received. What is the correct way of handling this? Do we undo/unmatch the issued checks from the bills? Then since we are repaying the vendor through ACH, rematch the payments to the bills? How do record the money that came back in from voiding the checks? As a "record transfer"? back into the bank account? We use QuickBook Plus
Thank you!