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Can you help me how to pass journal entry for excess deposits..
ie- If the sales money is 5000. and 5500 is deposited by mistake., how to pass journal entry to fix this in system
Thanks in advance
Can you find out how the original deposit of $5500 has been posted?
Simply check the voucher that has been generated.
Once you have the voucher information you can record a correction by recording a negative $500 amount.
If in doubt, post some screenprints of the original transaction and voucher for the $5500.
System posted by Bid difference
Bid Difference 500
cash on hand 500
cash on hand 500
Bid Difference 500
but by mistake I deposited 500 more.so I cant reconciliate the bank because of excess deposits .in bank showing 500 more and system less.
I do not understand the term 'bid difference' in this context.
Can you describe where and how you recorded this bid difference?
How have yo uposted the deposit and how was the bank account involved in this process.
Would be great if you could explain in more detail.
This is Retail module. as you know that in retail sales every day dynamics will post the payment journal for daily sales. yesterday also system posted by default., Total sales was 5000. and every day sale money we will deposit in bank. by mistake we deposited 500 more ie 5500(amount is only for an example) so I need to reconcile the bank end of the month using bank statement., I don't know in which account I can show the excess deposit money in my dynamics.
this is actually my problem, if you can tell me a solution for this I can make solution for another problem also that is related to bid difference. that is why you confused, I'm sorry for make you trouble.
Can't you simply record an additional transaction against your bank account to get the $500 corrected?
The offset account should be the one that you use as bridging or payment account.
Reversing account entries which were created with the account type Bank are not supported within AX.
( That sort of makes sense because an error might also need correction at the bank, so a correcting transaction and a clear audit trail on either or both sides might be needed.)
So as advised above create a new journal where you can enter new entries to correct the mistake.
You might also find it useful to review this post. https://blogs.msdn.microsoft.com/axsupport/2013/08/23/how-to-voidcancelreverse-an-accounts-payable-payment-that-does-not-a-have-check-number-such-as-ach-wire-or-electronic-payments-in-microsoft-dynamics-ax-2012/
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