Solved
Reconciliations
VERY new to QuickBooks and doing OJT.
If there's a fraudulent check on January's bank statement and the bank reverses it on February's statement, how do I enter it so I can reconcile both month's statements? TIA!!
In Jan you post the fraudulent check and use an expense account you create in the chart of accounts called fraud
In Feb you deposit the funds and use that same fraud expense account as the source account for the deposit
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