Note: Using bank deposits of undeposited funds
The steps for finding, changing, reversing and deleting bank deposits of undeposited funds work somewhat differently than Receive Money and Receive Payments transactions applied directly to an account. See Finding, reversing and deleting bank deposits of undeposited funds transactions for more information.
After you record a Receive Money transaction, you'll probably want to view the transaction again in the future. You may also want to find a recurring Receive Money template.
You can change and delete Receive Money transactions if your transactions are changeable. You can reverse transactions if your transactions are unchangeable. To learn if your transactions are changeable or unchangeable, see What are changeable and unchangeable transactions? for more information.
When you delete a transaction, the transaction is removed from your records. When you reverse a transaction an opposite transaction is created which removes the effects of the incorrect transaction from your records. Then, if you want, you can enter a new, correct transaction to replace the transaction you deleted or reversed.
Once a bank deposit of undeposited funds has been recorded, the receipts on the bank deposit can only be reversed; they can't be deleted. If you want to reverse a receipt that was recorded on a bank deposit for undeposited funds, you'll complete some additional steps. When a payment is recorded in this manner, it is first recorded in the undeposited funds account and then the amount is transferred to the bank account when the bank deposit is recorded. While reversing the payment removes the payment from the undeposited funds account, the additional steps are needed to remove the payment from the bank account.
Step by step
What are changeable and unchangeable transactions?