Bank Account and G/L Account Difference

johnnyc313 · 2006-10-11

I have a problem where a journal was posted with one side the G/L Account for the Bank Acount and the other side the actual bank account.

This has resulted in the bank ledger entry of -1000 being created and then 2 entries in the G/L Account one 1000 the other system created -1000.

This obviously means that the bank is greater than the nominal account by -1000.

Can anyone suggest how to correct this?

Thanks...

John

Alex_Chow · 2006-10-11

Do the exact same thing, but reverse the signs.

ssingla · 2006-10-12

Dear John,

Also ensure that all the group/control/reconciliation account in the G/L (Chart of Accounts) are not marked for Direct Posting. This will ensure that no such posting, as you mentioned, will be posted in the system.

Bank Account and G/L Account Difference

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