Information about how the Reconcile process handles a voided transaction in Bank Reconciliation in Microsoft Dynamics GP

Applies to: Dynamics GP 2010

Summary


This article describes how the Reconcile process handles a voided transaction in Bank Reconciliation in Microsoft Dynamics GP or in Microsoft Business Solutions - Great Plains.

More Information


In Microsoft Dynamics GP

Checks are date sensitive. Therefore, the date that you entered for the Void will determine whether the transaction will appear in the Select Bank Transactions window.

Consider the following example. The transaction date on a check is April 21, 2007. The check is then voided by using a date of May 1, 2007. If the Cutoff Date is April 15, 2007, the check will appear on the reconcile. However, if the cutoff date is May 2, 2007, then the check does not appear in the reconcile.

Note To start the Reconcile process, click Transactions, click Financial, and then click Reconcile Bank Statement.

If a transaction is voided after it is reconciled, a check will be created that is either negative or positive, depending on the Transaction Type of the voided transaction.

In Microsoft Business Solutions - Great Plains 8.0 and earlier versions

Bank Reconciliation is not date sensitive. Therefore, the date that you enter during the Reconcile process does not affect whether the voided transactions will appear.

When a transaction is voided before it is reconciled, the transaction will not be available to click to select in the Select Bank Transactions window when you perform a Reconcile.

If a transaction is voided after it is reconciled, a check will be created that is either negative or positive, depending on the Transaction Type of the voided transaction.

For more information about the display of negative checks in the Reconcile Bank Statement window, click the following article number to view the article in the Microsoft Knowledge Base:

856176 Negative checks display in my Reconcile Bank Statement window when I am attempting my first bank reconciliation