We changed our electricity supplier recently and started paying to the new one by direct debit every month. Invoices come every quarter. I posted the first payment as payment on account with 20% VAT. The invoice came with 5% VAT. As the payment has been bank and VAT reconciled I cannot amend it and therefore, allocate the payment to the invoice.
Thank you. The payment on account was made on 1 June. If I enter a supplier refund with todays date for example and then enter payment on account again dated 1 June I would have to mark the payment as bank reconciled I suppose. I am sorry Im really not that familiar with how sage works.
The best approach is to enter the refund dated 1st June, and then enter the corrected payment as 1st June. The bank will remain reconciled as is, but you'll now have a payment and a receipt showing as uncleared on the bank rec screen, both dated 1st June, for the same amount. You can either mark them both as reconciled straight away, or mark them both as reconciled when you next reconcile the bank.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
