You'd need to post the credit note of £2.24 onto Sage (Supplier screen -> Credit). Whether you need to do anything else will depend on what has actually happened. Is it just a credit note that you've received, so you'll make a payment to the supplier of the net amount (i.e. the original invoice less the credit note) or have you actually received a refund of £2.24?
-- Edited by Robert Pearce on Thursday 22nd of March 2012 11:12:26 AM
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
I am one of the many that is not trained book keeper or accountant and have the task of keeping our company accounts of the straight and narrow. I have been off for two weeks and my mind has gone blank. My issue is:
We ordered items from a supplier, inivoice was recieved and placed on sage, no problems there. After the order had gone through we were informed some items were not in stock so in the following few days I received a invoice for -£2.24. How do I enter this? I am currently trying to reconcile the bank statements and this one entry is stopping me from doing so. I'm sure that I am working with Sage 50.
Any help would be kindly appreciated and maybe one day I will be able to help answer some questions on here rather than ask!
Enter the credit as detailed above and then match off with the refund of payment. Supplier / supplier refund. If an earlier version of sage you may not be able to see the credit to allocate refund to therefore got to the "usual" bank payment area and match from there. you can now process your bank reconcile
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
