OMG the sun has most definitely got to my brain as I cant seem to think this one out and I know its dead simple really!
I look after two companies (common directors). They had two invoices - same supplier, same amount. They paid one invoice twice from one company (Company A) and not at all from the other (Company B) The two payments were made just before year end (both year ends are the same).
Just a couple of days after the year end a payment was made from Company B to Company A and the supplier agreed to allocate the receipts properly at their end.
How do I adjust to reflect the year end position with both companies, which will also ensure the supplier is showing as nil?
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
