Clearing an Orphan Transaction in Bank Rec

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Clearing an Orphan Transaction in Bank Rec

If you have entered a transaction in Bank Reconciliation to correct your balance and you want to clear it outside of your normal reconciliation process, you can do the following:

  1. If the correcting entry was a debit to the bank (check side), mark the entry as cleared. Call the bank back up in Bank Reconciliation and make a note of the amounts in the Beginning and Ending Balance Fields.
  2. Enter the amount of the transaction you are trying to clear in the Beginning Balance field and leave the Ending Balance field at $0.00. Click OK and your Difference field in Bank Reconciliation should now be $0.00. Click the CLEAR RECONCILED ITEMS button.
  3. Call the bank back up in Bank Reconciliation and reset your Statement Date, Beginning Balance and Ending Balance fields.

OR

  1. If the correct entry was a credit to the bank (deposit side), mark the entry as cleared.  Call the bank back up in Bank Reconciliation and make a note of the amounts in the Beginning and Ending Balance fields.
  2. Leave the Beginning Balance field at $0.00 and enter the amount of the transaction you are trying to clear in the Ending Balance field. Click OK and your Difference field in Bank Reconciliation field should now be $0.00. Click the CLEAR RECONCILED ITEMS button.
  3. Call the bank back up in Bank Reconciliation and reset your Statement Date, Beginning Balance and Ending Balance fields

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