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Patgrow
March 10, 2024
Question

Clear old journal entries

  • March 10, 2024
  • 2 replies
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I am working with a NPO and I acquired journal entries that were done before my employment that have to be cleared so we can reconcile. I am  not sure if I should delete them or reverse them. Any one who has had a issue like this before. Please comment.

2 replies

BigRedConsulting
BigRedConsulting
March 20, 2024

Why would journal entries need to be cleared in order for you to reconcile? Please clarify.

 

Note that if the Journals incorrectly use the bank account and don't represent actual activity that will clear the bank account, such as checks or deposits, then they are in error and should be fixed to not use the bank account.

Rainflurry
Rainflurry
March 22, 2024

@Patgrow 

 

You can delete entries that are in a current period.  If they are in a closed period, they need to be reversed.  

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