Can I change the previous proceeds undistributed on line 12 on my quarterly report; it is not even close to the balance in my check book?
Yes, if you have reconciled your bingo checking account and savings account (if you have a bingo savings account) and added your petty cash as of the end of the previous quarter, you may enter this amount on line 12 of your current report, with the notation to the left of the amount entered explaining the reason for the change. After doing so, don’t adjust previous proceeds undistributed for subsequent quarters because it most likely is an error in bookkeeping. You should go back to the beginning of the quarter and recheck your bookkeeping and posting to determine why the undistributed proceeds do not balance with your checkbook and petty cash.
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