This must be a classic error? I hope someone can tell me the 'best practice' to resolve this.
I have posted a supplier invoice. However, I have paid the invoice from my personal bank account in error.
I know I could delete the original supplier invoice, and essentially resubmit the supplier invoice as part of my personal expenses claim, but this would then make the original invoice to appear from me (the employee) as opposed to the true supplier.
What is the best way to correct ths in Sage. It is almost like I would like supplier A (me) to pay supplier B (the original invoice) and then I will reimburse supplier A.
Hope that makes sense. Thanks
-- Edited by krazykev on Tuesday 1st of November 2011 04:17:40 PM
thanks for your reply. Sadly it is beyond my general accounting knowledge. I was thinking I could almost show it as a Directors Loan, but the problem would be how to tell Sage the original invoice has been paid. The crux of the problem is that invoice was paid from my personal account which Sage has no knowledge of. I am just hoping I can keep the invoice where it is,posted alongside the real supplier, as opposed to submitting it as an employee expense.
How about paying yourself back from the business account the exact amount the invoice was for? This will then show as an entry out of the business bank account, which you can match to the supplier invoice you have put through in Sage?
that is what I would like to do, and makes total sense written down. But can it be done in Sage? How would you match the supplier invoice to the payment? This is what is beyond my Sage knowledge.
Yes, it can be done. You'd post the payment on Sage as a supplier payment and match it off against the invoice in the normal way. Essentially, you post the payment as if the business was paying the supplier - it's just that you actually pay yourself instead.
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