Recording Special Items

• How do I record an item in dispute with the bank?
• I transferred/entered my payroll checks in summary. Not all paychecks were cashed at once. How do I handle this in Bank Reconciliation?

How do I record an item in dispute with the bank?

Typically an item in dispute should be entered on the Suspense tab. For example, if the item in dispute is a fee then enter the item on the Suspense tab as a positive amount. Items entered on the Suspense tab do not affect your General Ledger.

I transferred/entered my payroll checks in summary. Not all paychecks were cashed at once. How do I handle this in Bank Reconciliation?

Clear the item and use the Suspense tab to enter any checks that have not yet cleared the bank. You can delete these Suspense entries as the checks clear the bank. Items entered on the Suspense tab do not affect your General Ledger.