Have a small bookeeping issue. When I came to reconcile I noticed I had voided a cheque with year 2014, however had got the correct year on the replacement cheque. To correct this should I do a reverse journal against the voided cheque with incorrect date then post a new journal with correct the year? This will feep the nominal codes correct I assumue?
Thanks for the welcome and response. Yes I am using an old version of sage and voided cheque through the tools option as cheque was never received by the supplier. Cancelled cheque is dated 2014 and falls in year end 14/15 and date of new cheque falls in year end 2015/16. They should both be dated to fall in year end 15/16. What is the best solution to correct this?
I can't look at my sage to see how this impacts things at the mo but my guess is that the voided cheque has just amended the bank and bank rec . You should alter anything for the prior year if the accounts have been done and sage locked down otherwise you will be skewing the figures.....I'm assuming the figure is not material to the accounts?! Take a backup, rekey the correct cheque - does this put the position where it needs to be?
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
