![]() ![]() ![]() If they’re other account types, you’ll have to construct reversing general journal entries on your own.Ī bill payment check is similar to a check, but it is actually a different transaction type. However, this option to automatically add a reversing general journal entry comes with a big stipulation: the accounts associated with the check must be expense accounts. When you’ve specified that your books are closed through a given date, in addition to performing the above steps, QuickBooks gives you the option of automatically adding reversing general journal entries so that accounting reports for the closed period are not affected. adds the text VOID: to the beginning of the Memo.changes the original amount of the check to 0.00.
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