Post-dated cheque cashed early by bank - how to reconcile bank for that month

Question

Hi, I just noticed that one of the post-dated December cheques was cashed in November. How should I proceed with bank reconciliation in this situation? Many thanks!!

Lori Papadatos · Answer

I would simply reverse the payment / cheque that was posted in December and re enter the payment with the date that the cheque cleared the bank.

Sage 50 Canada

Post-dated cheque cashed early by bank - how to reconcile bank for that month

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