checks not posting properly


S

Some Guy

MOA 2007 Professional
When using the write checks feature and writing a check to the credit card
company, the check will post to the checking account properly (deduct), but
the transaction will not deduct from the balance of the credit card. When you
go to the account register for the credit card account, the check does not
show.

If I do an online payment using the Record Expenses > Paid by Cash, that
shows up and deducts fine. Also, "old" checks from 2006 show up in the
account register for the credit card. I looked to see if there was a
difference and I can't see one. Anything glaringly obvious would be
appreciated :)
 
Ad

Advertisements

T

tomfr

This may be a silly question, but what account do you charge in the grid on
the check form?
 
S

Some Guy

You may be on to something.
If I look at the check in the account register and double click it to bring
up the details the items and expenses grid is empty (it is a blank box, there
isn't even a grid). If I edit the check, I cannot add anything. Do you think
I should void those checks and enter them again?

Thank you so much for your help.
 
Ad

Advertisements

T

tomfr

I think I understand what might have happened. I'll describe a scenario and
you can let me know if I'm right. I don't believe you entered anything in the
Items and expenses grid. I have the same experience as you when I don't post
in the grid; I open the check from the register, and the grid is totally
white. And yes, you cannot seem to edit the check even though other checks
with previous entries in the grid seem to be editable. Don't know why. What
happens in this: you use the Credit Card Charge form to record a purchase and
select the Credit Card liability account in the Pay from field. This debits
(increases) expense and credits (increases) the CC liability. If you write
the check to the bank (Visa) and select this CC liability account in the
grid, you credit (decrease) cash and debit (decrease) the CC liability
account. If you don't select a line in the grid, MOA assumes that you are
writing a check to a vendor (the bank) and credits cash and debits
(decreases) accounts payable. I would bet that you have unattached credits in
your bank's vendor account. You could check this out by running a
Transactional Detail by Account report. Check if any charges are coming out
of your CC liability account for the suspect checks (my guess is, not). And
check to see if you have charges reducing accounts payable. If my version is
correct, you could void the checks and redo or you could do a journal entry
(my preference) to adjust the two accounts and then reconcile your CC
lliability account to your statement. If you do a JE, debit the CC liability
account by selecting Financial Account in the Type column and selecting the
CC liability account in the Account column. Credit the A/P by selecting
Vendor in the Type column and then selecting the bank you wrote the check to
in the Account column. Hope this helps.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top