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Good day,
I really need serious help on this Overdraft thing. I am working in my current set of accounts for 2012 - I do a daily cash book and never once had an issue with errors. Now I have over 11,000 in the bank and doing a 4,045 transaction and I am STILL getting this - The bank transaction would result in exceed of authorized overdraft limit for transaction: # on . - ERROR.
Surely you can see by now it is NOT an issue of having lack of funds but there is a serious problem here. In the 6 months i've been using FrontAccounting processing numerous cash books it has never given these errors until now.
Can someone please HELP?
The bank transaction would result in exceed of authorized overdraft limit for transaction: # on .
Date:
Reference:
Pay To:
To the Order of:
From:
Bank Balance: 14,074.00
Payment Items
Account Code Account Description Dimension 1 Dimension 2 Amount Memo
305100 Diesel 57.00 Bioline - Fuel AAR5214 In23172
Add Item
Total 57.00
PLEASE...
Good Day Janusz,
Thanks for the response. Except - we have more than enough funds in the account and the account is a cash account which never goes into a minus. Therefore it should not be giving this error...
Looking forward to your response.
I've posted this and haven't had a response as yet - When posting a payment we get this error quite frequently
The bank transaction would result in exceed of authorized overdraft limit for transaction: # on .
Now this is Joe's response: These errors occur when a cash account is used and turn negative per
the date you enter the transaction.
All very well and good but if not for the fact that : there is more than enough cash in the Account - Over $1000 to do a $57 transaction ??
Please please can we get some sort of response - We are literally stuck and unable to complete our set of accounts.
Thank you.
Can anybody help with this - We are unable to process any accounts!
Hi Joe - there is more than enough cash in the Account - Over $1000 to do a $57 transaction ??
Joe Hunt wrote:
> These errors occur when a cash account is used and turn negative per
> the date you enter the transaction.
>
> For future support, please use the website forum for this type of questions.
>
> /Joe
>
> On Fri, Jan 13, 2012 at 1:59 PM, FA Mailer <shareen@jumbochooks.com> wrote:
>> To:
>> Support
>>
>> Name: Drummond
>>
>>
>> Subject: Payment Error
>>
>> Text: Please help we keep receiving this error when doing payments - in both
>> 2011 & 2012 periods -
>> The bank transaction would result in exceed of authorized overdraft limit
>> for transaction: # on .
>> The only way to pass this error is to create the payment again on the next
>> date to process it but the account wont balance.
>> Please Help! Thank you.
>> Shareen
Posts found: 6
