Clear Corporate Check
These steps explain how to manually clear a check and perform a journal entry to correct the general ledger.
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This needs to be done when a corporate check shows up as an exception on the Update Exceptions/Returns screen, accessible via Tool #986 CHECKS 1: Work Member Exception File.
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After you complete the steps below, you'll need to create and post the journal entry. When you do this, debit the outstanding checks G/L and credit the share draft suspense G/L (always 870.02) for the amount of the check.
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Once you've created and posted the journal entry, the last step is to mark the draft exception to be deleted.
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Launch Tool #324 CU Check/Bank Reconciliation.
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Select Update status for individual checks.
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Leave the Operation field at Cleared.
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Leave the Date field at today's date.
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Enter the check number to be cleared in the Check # field.
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Click the forward arrow.
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Verify that the check and amount are correct in the box below.
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Select Generate J/E.