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ALS2289
May 20, 2024
Question

Clearing off payroll checks of an inactive bank account

  • May 20, 2024
  • 1 reply
  • 0 views

Hello,

I need help clearing old payroll checks in one of my closed bank accounts on the QB desktop.

We had to close this account due to fraud, and recently, we opened a new account. However, I want to clear off old checks to the closed account, and I wonder if I need to write a journal entry for it or if there is another way?

1 reply

R
RhoiceW
May 20, 2024

Yes, ALS2289. You can create a Journal entry in QuickBooks Desktop to record it.

 

Before making any changes to your company files, consider making a backup copy. This way, you'll have a copy you can restore in case of accidental data loss or damage.

 

After making a backup, create an expense account for the fraudulent activity. It's best to consult your accountant to ensure accurate recording and avoid bookkeeping errors.

 

Furthermore, you can refer to this article to learn how to reconcile your account in QBDT: Reconcile an account in QBDT

 

Don't hesitate to post your concerns in the Community if you still have concerns about managing your closed books. I'm always here to lend a hand.

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