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    deli0561's Avatar
    deli0561 Posts: 4, Reputation: 1
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    #1

    May 15, 2012, 10:22 AM
    Deposits in quickbooks
    How do I post a check that was cut short do to bills I owed?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    May 15, 2012, 04:09 PM
    Quote Originally Posted by deli0561 View Post
    how do I post a check that was cut short do to bills I owed?
    if I read you correctly this is a cheque that has been dishonoured by the bank and now is no longer in circulation because you have paid the amount by another means.

    You have several options in quickbooks

    You can delete the transaction. This is difficult.

    You can reduce the value of the transaction to 0, memo; cancelled cheque and rerecord the transaction

    You can record a deposit transaction for the amount of the cheque and offset both in the reconciliation

    You can overwrite the transaction with the detail of another transaction.

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