All payments made in the folio, GL, or POS using the payment method “Cheque” will appear in the cheque clearing account. Before you can clear it, the cheque needs to be deposited to the bank in first. When you bring the cheque to the bank you have to perform few steps in the AR Reconciliation program.
.AR Reconciliation program – this is where you assign the cheque, which bank the cheque should go to. (This also creates a journal entry on your GL, debit bank, credit cheque clearing, and the date that will appear on your AR report will be 0000-00-00 until you perform the cheque clearing and the collection date will be shown).
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Select the transaction that you want to reverse (unreconcileunreconciled). Click Submit when done. When you unreconciled a cheque, the GL entry will also be reversed and the transaction will re appear on first tab (deposit cheque)
GL ENTRY
