Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

allocating and bank rec

Question asked by Shirley Wyatt 5 years ago

Hi, I've overthought this and now cannot come up with a solution!! A month ago we overpaid a purchase invoice, £1900 out of the bank, supplier invoice £700 This month we have a new invoice, same supplier £1000.00 and a refund payment into the bank for £200 On the bank download I have £1900 out, unreconciled. I can apply it to the two invoices, but then it says create another invoice to balance!!! How do I apply the bank credit of £200 to clear this mess?!

2 Replies

Hi Shirley - when explaining the £1,900, allocate against the two invoices and, as a transaction, put the £200 so a code like "Other debtors" or "Prepayments". Put the £200 in to the same account, to cancel it.

Thanks Paul, I overthought it and ended up REALLY confused!

Reply to this question

Attach images by dragging and dropping or upload

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are