How do I cancel items from a previous year?

Issue: I have several old uncashed cheques and receipts and want to get them off the reconciliation page. I can't cancel them as they are from before period end close-down and I also want to be able to have a trail for audit.

Solution: To enter a transaction to cancel out the payments and receipts and remove them from the bank statement screen by entering contra-entries to cancel them out.

To delete your debit transactions you must do the following.

• Go to Transactions > Enter a Receipt
• Fill out the same account, description (eg 'To Clear Bank Rec), amount, name etc. (to mirror the original transaction)
• Select the type as a Direct Credit
• Save or Save/Print the transaction (optional)

Once saved, you will have your original uncashed cheques on your bank reconciliation screen with the matching credits. Simply reconcile these transactions together and this will clear them from your system.

To delete your credit transactions you must do the following

• Go to Transactions > Record a Payment
• Fill out the same account, description (eg 'To Clear Bank Rec), amount, name etc. (to mirror the original transaction)
• Select the type as a Direct Debit
• Save or Save/Print the transaction (optional)

Note: Because we have used contra-entries, you balances on your bank will not be affected.