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Accounting entry of uncleared cheque

A/c entries 6693 views 4 replies

Ajay Singh Bhati

Manager (Accounts)

215 Points Joined July 2009

Dear Sirs,

We have made a payment by Cheque to a party in last financial year, which was not deposited in bank by the party and therefore it is not showing in bank statement and hence still showing in our Bank Reconciliation under "Cheques issued by not yet presented for payments". Now that cheque has been expired and we don't want to show this entry in our bank reconciliation. How to reverse this payment in Tally so that it doesn't seen in our bank book.

PS: This payment was made in last financial year and therefore it is showing in the Opening BRS in Tally.

Please help.

Thanks and regards

Replies (4)

Guest

Reverse the Journal entry.

Manjunatha M K

Manager - Accounts

318 Points Joined November 2007

Pass the reverse entry

Then put the reversed entry date to both entries in reconciliation (earlier payment entry and also to the reversing entry)

Ajay Singh Bhati

Manager (Accounts)

215 Points Joined July 2009

Thanks Mr. Manjunath, I have resolved the query as you said.

shaan das

2 Points Joined August 2018

Dear Sir, Please guide regarding following, i have issued cheque in mar-18 and and changed my tally version so the cheque issued in mar-18 not showing in new tally in april-18 for reconciliation so please help me to solve this puzzle.