Question asked by Sabica N Ahmed 8 years ago
I reconciled a transaction as reclaimed expense but actually its a refund of a sale so how i can edit this as when i go to edit then it seems i can edit only account and can't classify it as a refund need help regarding this
Hi Sabica - sorry but I'll need more information in exactly what you did in the first place, for example, the word "reconcile" normally means reconciling (matching) a bank entry you have already entered in the books with a bank statement, others however will use it to mean say matching a bank statement entry against a bill.
So, I understood from what you said, that you entered an expense claim by someone (under Purchases>Expenses) and I'm assuming that, once the expense is approved, your system is set up to create a bill in favour of the employee which you have incorrectly matched/reconciled against a bank payment? So you now want to unreconcile that payment from the bill and re-explain it as a customer refund?
If this is the case then the link I gave you explains what to do, find the payment in the bank record (or explained bank statement) and delete it, this untangles it from the bill and puts it back in the bank statement to re re-explained.
If I've not understood this correctly please give more details of exactly the entries that you currently have.
Best answerHi Sabica - if you explained the transaction from an imported bank statement this might help:
It returns the payment to the bank statement to re-explain using the refund tab.
i want to know that how to unreconille (unexplain) an already reconciled transaction which is adjusted as expense but should be adjusted against refund of sale i.e over payment?
Hi Sabica - sorry but I'll need more information in exactly what you did in the first place, for example, the word "reconcile" normally means reconciling (matching) a bank entry you have already entered in the books with a bank statement, others however will use it to mean say matching a bank statement entry against a bill.
So, I understood from what you said, that you entered an expense claim by someone (under Purchases>Expenses) and I'm assuming that, once the expense is approved, your system is set up to create a bill in favour of the employee which you have incorrectly matched/reconciled against a bank payment? So you now want to unreconcile that payment from the bill and re-explain it as a customer refund?
If this is the case then the link I gave you explains what to do, find the payment in the bank record (or explained bank statement) and delete it, this untangles it from the bill and puts it back in the bank statement to re re-explained.
If I've not understood this correctly please give more details of exactly the entries that you currently have.
Best answerNo actually the thing is first a Sales invoice was being created without VAT and afterwards to include the effect of VAT i raised a VAT only invoice in which in one line i charge VAT against it and on the other line i put negative amount with the Same invoice amount so when i update this invoice the total is showing is zero because this Sales invoices is being raised the incorporate the VAT effect.Afterwards when i am trying to void that VAT only invoice which i created then void option is not showing against that relevant invoice.Hope now its better explained
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