Hello,
Thank you for your reply.

Our experience with posting reversals through Bank Rec has not been a positive one. We have found that in doing reversals through bank rec, there is an issue with the dates that the reversal is posted to in BR and GL.

For example, if a cheque was issued in June 2009 and was to be reversed in April 2010, BR posts the reversal back to June 2009 and GL posts it in April 2010 so that the GL and BR balances would not match for all periods prior to April 2010 - i.e. GL balance would include this cheque amount until April 2010 whereas Bank Rec balance would remove this amount as of June 2009. Are you aware of any solutions for this such that BR, GL and AP all post the reversal as of the current date and include the cheque amount in the appropriate balances up to the current date? We are currently having to process our reversals manually through BR by creating a deposit entry and separately reversing the cheque through AP to ensure the balances for each period between the original cheque date and the reversal date are correct.

Thank you,
Tanja