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Reversal/Repost Report

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The Reversal/Repost is similar to the NSF report. It produces the journal entries for the day.

 

This report produces a listing of only non-cash reversals and re-postings. This is a report of “correcting” transactions from previous entries.

An example of a correcting entry would be payments posted to the wrong debtor account from a previous day.

 

o   Added Concept in TCS

o   Reports Correcting Entries

o   Includes General Ledger Accounting Entry

For an example of how the Excel spreadsheet cells would be populated refer to the Daily General Ledger example.

The following entries should be made to your accounting system from this report:

o   Daily Adjustments off the Reversal Report (areas highlighted below)

Text Box: 05-05-10 22:48 REVERSAL/REPOST TRANSACTION REPORT (CI) PAGE 1 Accounting Month: May 2010 FOR 05-05-10 TRANS DT TC STA AMOUNT RM ACCOUNT# COMMISSION FWD FEE NON-SHARED DUE US DUE YOU SUSPENSE 05-05-10 550 PDC 35.00 4 13473042 -5.25 0.00 0.00 5.25 -35.00 35.00 76566 ELB NGAYYP 05-04-10 550 PDC 70.00 4 13473042 10.50 0.00 0.00 -10.50 70.00 -70.00 76566 ELB YGAYNR __________ __________ __________ __________ __________ __________ __________ 105.00 5.25 0.00 0.00 -5.25 35.00 -35.00 ------- Trust Account Breakdown ------- Default 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1002 105.00 5.25 0.00 0.00 -5.25 35.00 -35.00 DEBIT CREDIT COMMISSION 5.25A FWD FEE 0.00 NON-SHARED 0.00 DUE US 5.25B DUE YOU 35.00C SUSPENSE 35.00D __________ __________ 40.25 40.25 Notes: A – cell D25 B – cell E26 C – cell D27 D - cell E29
 


          

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prompts for Reversal/Repost Report