Good afternoon,
We issued checks in July and, because they weren’t cashed, they showed on the Bank rec as unmatched (printed on Jul 31).
Today we needed to void 70141 and 70186, but when we went back to July reconciliation they don’t show on the list anymore. Is that expected behavior? I thought they would still be visible in July rec because at that time they were in Cashed status.
We are doing bank reconciliation following below steps, are we missing something?
Thanks,
Cora
+11Hi
1) We are doing bank reconciliation following below steps, are we missing something?
The steps are correct; I don't see any issues with them.
2) Is that expected behavior?
Yes, it can be expected behavior in IFS. Typically, once a check is voided, it ceases to exist as a valid transaction. Since the checks were never cashed, the system might automatically adjust past reconciliations to reflect the void, treating them as if they were never issued.
However, if the checks were already cashed or cleared, you would expect them to remain visible in the bank reconciliation as cashed, and further action would be required to adjust the accounting records. Since they were not cashed, voiding them likely removed them from the reconciliation list.
If this answer helps you, please mark it as solved. This will assist other community users who may have similar concerns or need advice.
Regards,
Chanuka
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