Hi,

I have a few receipt batches in BR that were entered at incorrect exchange rates, so I reversed them. I want to re-create those receipt batches at the correct exchange rates, but I am unable to do so because all amounts that were previously applied have zeroed out the invoices. I read a similar post on here in regards to NSF cheques. The advice given was to re-enter the batches as negative receipts. I can see how that would reset the invoices back to the original amounts, but I don't think that would be appropriate in this case because I won't be able to match up the negative receipts to the bank deposits. The receipts are still in Current AR Transactions and have not yet been cleared to history. How should I proceed?

Thanks!

Hi Acrylon,

Did you use the Bank Reconciliation process to Reverse a deposit that originated in AR? If so, then this will not restore the invoices on the customer record as unpaid and outstanding (this would happen for Payables invoices, but not AR). The correct way to restore invoices in AR as outstanding is to use the NSF function. You don't have to create additional invoices or bank charges, but this is the way to generate the 'reversing' transactions from BankRec to Receivables.

If you want to restore the invoices in AR as unpaid, the NSF process is still available for Deposits, even if they have been reconciled or reversed. You could try first making a backup of the data set, then running NSF to create a BankRec batch that when posted will generate the negative Cash batch in AR. You would have to deal with replacing the bank balance in BankRec for the Reversal you already posted - perhaps a miscellaneous receipt - because NSF posting also reduces the bank balance.

If this doesn't work the way you want, then posting the negative cash receipts directly in AR is the way to go. Yes it doesn't 'match' the existing bank Deposit in BankRec, but there is a trade off in both of these methods.