check written in 2021 that we now need to void.

rasrjs
rasrjs Unconfirmed, Member
We have check written in 2021 that we now need to void. How should we do this so our income show the corrected amount in this month's report. It was not cleared. How should we reverse as if we go back and void the original check entered it will change each month's reporting from that point on.
Thank you

Comments

  • rasrjs
    rasrjs Unconfirmed, Member
    Should we do this - Since the check was not cashed and not cleared when we did reconciliations - go back to that entry in quicken - indicate in the memo field that it was not cashed/shredded and mark the check Cleared.
    Then in this month add an entry to reverse that would be a credit for $200. Indicate in the memo field that information for this. What would we use for the Credit rather than saying it is a Deposit?
    Thank you
  • NotACPA
    NotACPA SuperUser ✭✭✭✭
    Why not simply select that check in your register, RIGHT click it and click "Void Transaction"
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • rasrjs
    rasrjs Unconfirmed, Member
    Because it was a 2021 check and it would make adjustments to balances that have been reconciled to date. And would that be appropriate to void it from an auditor standpoint since it occurred in 2021 and we are now in 2022. 2021 audit has been completed.
  • NotACPA
    NotACPA SuperUser ✭✭✭✭
    re: appropriate from an auditor standpoint.  Re-read my signature lines.
    And, it's currently outstanding in your account, so you're simply carrying it along.  To VOID it, as i described, perhaps with a note in the memo field IS the appropriate action.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Beijing Mac
    Beijing Mac Member ✭✭✭✭
    Quicken has further explanation in their Help - search for Void Transaction and following is top of list:

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      When you delete a transaction, Quicken removes the transaction from the register and recalculates all subsequent balances. You can't get the transaction back unless you have a backup copy or unless you immediately undo the delete (and undo delete is not available for all account types). Delete transactions with caution; voiding a transaction is often a better option. Voiding leaves the transaction in the register (so you can maintain a record of it) but ignores the amount when calculating balances.

      Void a transaction

      1. From the account register, click any place in the transaction that you want to void. You can use CTRL + click to select several transactions at once.
      2. Choose Edit menu > Void Transaction.
      3. Click Save.

      Notes

      • When you void a transaction, Quicken removes the dollar amount of the transaction and inserts the word ***VOID*** before the payee name. Quicken also adds a c to the Clr field so that the transaction won't interfere with reconciling. If the transaction contains split amounts, Quicken changes each amount to zero. The check number is retained.
      • Don't void an online payment instruction. If you do, Quicken can't get the confirmation number it needs to stop the payment. Cancel the online payment instruction instead.
      • In addition, you can't void an investment transaction.

      Delete a transaction

      1. From the account register or an investment transaction list, select the transaction that you want to delete.
      2. For investment transactions, click Delete directly under the transaction.
      3. For all other transaction types, click the gear icon () in the transaction toolbar and then choose Delete.
      4. Click Yes to confirm that you want to delete the transaction.

      Notes

      • When you delete a transaction, Quicken removes the transaction from the register and recalculates all subsequent balances. If you need to retain a record of the transaction, consider voiding it instead.
      • You can restore your most recently deleted transaction for any non-investment account by choosing Edit menu > Transaction > Undo Delete. You must perform the undo within the same Quicken session and from the same account from which the transaction was deleted. If several transactions were selected and deleted in one operation, Undo Delete restores all of them.
      • Use CTRL+click or SHIFT+click to select multiple transactions in an account register (does not work in an investment transaction list).
      • If you delete a transaction that includes a transfer, Quicken deletes the transfer from both the source and destination accounts.
      • You can protect transactions from being deleted accidentally by requiring a password before opening a file or before changing transactions entered on or before a certain date.


      there is also some other suggestions -- but seems like they already have it figured out, as Not said

    • Rocket J Squirrel
      Rocket J Squirrel SuperUser ✭✭✭✭✭
      In addition, you can't void an investment transaction.
      Yes you can. The help is wrong.


      Quicken user since version 2 for DOS, now using QWin Premier Subscription on Win10 Pro.
    • Beijing Mac
      Beijing Mac Member ✭✭✭✭
      to be clear -- I copied and pasted from the Help article.  I can't take credit -- for either the errors or the info, was just relaying that the Quicken Help section actually has some valid info and should be the first source when trying to do something or understand the program.
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