How to Reverse a Trust Transfer Cheque

The article covers How to Reverse a Trust Transfer Cheque already posted.

When a trust transfer cheque is completed, a general receipt is posted to the General bank account. This general receipt may be deposited through the deposit feature. Before reversing a trust transfer cheque you must first

1. Undo the Deposit – if applicable. See article How to Undo a Bank Deposit and
2. Reverse the General Receipt. See article How to Reverse a General Receipt.

To reverse a trust transfer cheque: 

1. Click on Find feature 
2. Transaction Type - Select the transaction type – Trust Cheque 
3. Date Range - Select Date Range review Trust Cheques within that range or ALL
4. G/L Account - Select G/L Account
5. G/L Account - Enter 1400 - Trust Transfer Clearing Account to only find Trust Transfer Cheques
6. Click on Find
7. Select the Trust Transfer Cheque to be reversed. Right click on the transaction of click on the down arrow and select Reverse.

• A message will appear to confirm the reversal. Click Yes to continue or No to cancel the process.

• Reversal Date  - Select or enter a date of reversal
• Memo - Enter a reason of reversal
• Click on Reverse to complete the process