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Cash Register - Correcting deposits

Created on  | Last modified on 

Summary

This guide explains how to correct deposits and till takings made through the Cash Register in Sage 50 Accounts.

Description

Till takings are recorded in two stages through the Cash Register and Deposit Cash options. If takings are recorded in error and then banked, both stages must be reversed. Let's correct this now.

Resolution


OptionTransaction postedTo reverse
Cash RegisterBR - Bank Receipt
  • Delete the BR through Transactions > Delete.

    Sage Accounts 2014 (v20) and below - Delete the BR through File > Maintenance > Corrections.
Deposit Cash

JC - Cash Register
JD - Bank Account

As you can't delete system generated journals, you must post a float adjustment.

  1. Bank accounts > Deposit cash > Account to > choose the correct account.

  2. Date > enter the date of the original deposit cash posting made in error.

  3. Click Float.

    Sage Accounts 2014 (v20) and below - Click float adjustment.

  4. Float Adjustment window > choose Increase the float by > enter adjustment value > OK.

  5. Save > Close.

NOTE: Do not use the Bank Transfer option to correct the balances. A bank transfer leaves a journal outstanding in the Deposit Cash window. The float adjustment posts the same journals as a bank transfer but marks them as bank reconciled. They do not appear in the Deposit Cash window.

You've now reversed the cash register and deposit stages of the transaction. If required, you can now post the correct till takings amount as normal.

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