Allocating journal entries

Question asked by Jeanie Stevens 9 years ago

Hi,

I have a balance in trade creditors that has been settled via a non-business payment card. I have created a journal entry to credit Director's Loan and debit Trade Creditors, and have linked the entity to the relevant supplier. This shows on the Aged Creditors Report, but doesn't show in the supplier's statement and, therefore, cannot be allocated against the necessary invoice. Please could you advise how I would go about doing this?

Thanks,

Jade

Journals
allocatingjournals
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2 Replies

Hi Jade,

It would probably be easiest to pay off the invoice using the quick pay form and selecting the directors loan account rather than creating a journal. The quick pay form is located on the bottom right hand side of the page when you're looking at the details of an unpaid invoice.

Journals can be created with a payment you can allocate to the bill. To do this, the journal will need to debit trade creditors and credit bank, with an entity selected on the journal. An unallocated payment will then show in the Money > Bank accounts > Unallocated payments section of your account.

Please let me know if this message raises any further questions.

Best answer
9 years ago

Hi Michael,

The quick pay option only shows our two banks accounts, petty cash and credit card accounts, and not the director's loan account. Please advise how I can add this option.

Thanks, Jade

9 years ago

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