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Curious q - any way to allow for a negative deposit? Refunds are at times accidentally set to undeposited which means i need to deposit the negative item. I try to make my bank statements match closely but i sometimes have to lump a refund with a deposit. Or is there a better practice for this? Thanks a bunch
asked Dec 30, 2016 in Banking by nathan (380 points) | 64 views

1 Answer

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Yes, negative deposits are allowed in the system. However, when you reconcile your bank account, make sure that these negative deposits are added with positive deposit/s and total to a positive amount for the system to allow successful bank reconciliation.
answered Dec 30, 2016 by anonymous
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