SageForum for UK versions of Sage 50- Help and support.

Hi

I am a user of Instant Accounts v11 and am new to this site.

I have posted a credit note from a supplier which I no longer use thereby creating a debit balance on his purchase ledger account. The supplier then transferred funds to my bank account to clear the balance but I am unclear as to which routines to use and how to post this receipt.

Can anyone help? I would be very grateful.

Supplier Refund

You are receive a BACS transfer from a supplier to clear off a negative balance on the supplier account.


Bank
====

Check balance on supplier account is -£xxx.xx
Check Balance on misposings account is 0.00

Bank Acct yyyy Receipt from mispostings account for £xxx.xx tax code T9
Invoice on supplier zzzzzzz account for £xxx.xx tax code T9 against the mispostings nominal account.

Check balance on mispostings acocunt is 0
Check balance on supplier account is 0