How to fix a 50 cent bank error

[Mike or Penny Novack]

On 4/25/2017 2:48 AM, Anita Graves wrote:
> Hello all,
>
> I have a 50 cent error in my cash account.  It happened because the bank gave me credit for an extra 50 cents in a deposit I made.  The bank is not interested in fixing this error because it is old, and at the same time I do not want to carry it forward as cash on hand.  I am preparing to close the books for the fiscal year.
>
> Can I open a new account under the checking account ‘bank error’ and put it there?
>
> What else could I do?
>
> Thanks for the help
A "bank error" child is where you would have put this BEFORE the bank 
told you that they were going to give it to you so that your accounts 
balance during the the time interval between the error being discovered 
and the bank's decision << I once had one of these outstanding for many 
months while the bank made a policy decision by its board of directors! 
 >>. But now the problem has been resolved so you can close the bank 
error to a miscellaneous income account. THAT is what I would have 
instead of adding an account JUST for bank error income which is likely 
to be very rare. Collectively, all the sorts of possible miscellaneous 
income might only be rare, not super rare.

Michael