Advertise here    

QuickBooks Forums      

Go Back   QuickBooks Forums > QuickBooks Software Support > Premier Nonprofit Edition Forum

Reply
 
Thread Tools Rate Thread Display Modes
  #1  
Old 07-10-2009, 10:56 AM
MagnoliaSimms MagnoliaSimms is offline
Registered User
 
Join Date: Jul 2009
Posts: 1
Question Uncleared checks create negative balance in Balance Sheet

Hi All,
My balance sheets continually come up looking pretty sad - lots of negative numbers even though those negative numbers are coming from checks people have not yet cashed in (ie haven't cleared). Is there any way to stop them from showing up as negatives in the Balance Sheets?
Reply With Quote
  #2  
Old 10-19-2009, 09:07 AM
lisa_mn's Avatar
lisa_mn lisa_mn is offline
Moderator
 
Join Date: Nov 2003
Location: Minneapolis
Posts: 3,870
Are these old uncleared checks that should not be in there?

You can void them by entering journal entries debiting cash and crediting the original expense account used on the check. For tracking purposes, I would make a separate journal entry for each check and put 'to void check # xx' in the description of each entry.

Then you can reconcile and clear them off by checking off both the old check and the journal entry.
__________________
Lisa Peterson
Streamline Consulting, Inc.
Making Accounting Work For You
Minneapolis, MN

QuickBooks Advanced Certified ProAdvisor
Sleeter Group Certified QuickBooks Consultant
Peachtree Certified Consultant
Timeslips Certified Consultant
Fishbowl Inventory Authorized Reseller

Ask me about MiSys Manufacturing add-on for Quickbooks and Peachtree
Reply With Quote
Reply

Bookmarks
Bookmark and Share
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 03:31 AM.


 

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
All contents copyright (c) by AccountingUsers Inc.