I have a credit that has dropped through to the Bank, which is a refund of a payment made a few months earlier. The original item was just paid through the bank via the 'P&R' option, no supplier accounts were involved, debited to the rates nominal. I cant seem to key a credit to the rates expenses account via the Bank 'P&R' option (unless I am doing it incorrectly of course) - so how do I do this in VT.
Can VT take journals between the Bank and expense accounts and still allow that journal to be reconciled?
Or is there another way I am missing?
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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
I don't think that journals are the way to go with this.
Not sure why you cannot use the P&R button?
I assume that you also tried the REC button.
What is it saying? Why won't it allow you to enter a Receipt against the account?
You give the impression that no PIN was involved with the original so no Credit note is needed now.
Also, yes, you can also reconcile journals (even though I don't think that this needs to be a journal)
HTH,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Hi Shaun
I think you are right in that I tried the REC button, so have processed through the 'P&R' option which of course works - yay! Thank you!!
You were of course correct - no PIN was involved so no credit needed. Good to know about being able to rec journals in the event I ever need to.
I think I may be over complicating things, as I did the first time I used it, given I have got sage in my head. I am assuming there is no audit trail with all the deleted and amended items in massive red text behind the scenes, as to start with today most of mine probably wouldve been in red! Or is that just sage? lol.
Although I impressed myself when I remembered how to do a contra in it, even though I did my usual backups first - a habit once formed and all that!
Ive almost finished the set of books I had to process in VT - just got a couple of queries for the customer (who is mega organised), but that will have to wait until later whilst I go and pamper my Dad!
Thanks again.
Laters )
__________________
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
)
