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Post Info TOPIC: Uncashed cheque in Sage (last fy)
Kazen


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Uncashed cheque in Sage (last fy)
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Morning,

Please could someone offer some advice on the following scenario:

We have raised a cheque for a company which is never going to be cashed because it has been returned to us, but the cheque has already been allocated to sage through the bank payment rather than the supplier payment option (as it was a one off payment to a company we will probaly not use again).  The payment was allocated in our last financial years accounts.

How do I remove this payment from the bank rec page please?

Do I need to bank receipt a payment with the same reference details, allocating the money back to the same nomial code I used in the first place?  Or is there another option please?

We are using Sage 50 Accounts Professional 2013.

Thanks in advance,

Kaz



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FoxAccountancyServices


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Hi there

Have you run the year end?

Have you passed anything to the accountant?

Is there VAT on the transaction? What VAT code was used?

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Kazen


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Hello,

Yes the year procedure has been run and the books are with the accountants.
There was no VAT on the transaction and the code used was T0.

Thanks,
Kaz

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FoxAccountancyServices


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Because the books are with the accountant, it is best to call them, tell them the situation, and do as they advise. I personally would fix this as part of my accounting work, and give the client the year end journal.. meaning you wouldnt have to do anything, except post the year end journal when I gave it you.

HTH :)

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