what does voiding a cheque do to GST

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  • Updated 8 months ago
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have entered a cheque twice.  Is unpresented but in Dec 16 GST quarter.  How do I get rid of it without stuffing up my BAS's.  Do I void or reverse? And in which period
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Sally Cowan

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Posted 8 months ago

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Kevin Russell, Accredited Partner

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Reckon doesnt let you reverse transactions. You need to enter a bill credit for the expense and add a second line on the transaction to the bank account.
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John Graetz

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Sally.  You will need to do this in the current BAS period or else it will throw out in a previously lodged period.
John L G
Sally, you could void the cheque then process a journal dated 16/12/16 DR expense CR Suspense or a clearing account and reverse ensure you override the date for reversal