I'm very new to accounting and i'm trying to sort out my accounts before the deadline for my end of years. I had a supplier whose invoice i couldn't find and instead of posting it as a payment to account, i did a payment from the bank screen (not allocated to any supplier). I then reconciled my bank as the payments were all correct but then realised it wouldn't be allocated to the suppliers account. I tried to fix it by posting a payment to the supplier and doing a receipt to the bank account but now i have unreconciled transacation in my bank account. I thought i could do it using the contra option but then realised i don't have that with my version of Sage 50 accounts. Can anyone help me sort out the mess i have now made?
I tried to fix it by posting a payment to the supplier and doing a receipt to the bank account but now i have unreconciled transacation in my bank account.
What you've done sounds like it should have worked. The supplier payment and dummy bank receipt should both be showing as unreconciled and you can match the two off against each other when you next reconcile the bank.
__________________
Pearce & Co - Chartered Accountant and Chartered Tax Adviser
