Hi, Can anyone help please. I have 2 old Unreconciled Supplier bacs payments on the Bank rec I inhertied them in my new job. Each month I print off the Unreconciled bank report. But I want rid of them. Thanks
On first reading I thought - The reason they are unreconciled is because they are overpayments! Contact the suppliers and ask for the money back - or find a way of spending the money so you get an invoice to cover the overpayments.
Otherwise you'll have to write off the money.
But on second reading - unreconciled on the Bank rec - means the payments were never made! The need to be reversed off (find the original transaction and do new reversing transactions) - which may mean the suppliers were never paid.
Agree with Frauke, they were probably duplicate entries, although worth checking on the supplier accounts to make sure. Reverse or delete them (depending on what system you're using!)
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Jenny
Responses are my opinion based on the information provided. All information should be thoroughly checked before being relied on.
