Question asked by Pete 6 years ago
I just received a payment that was made in error to my personal payapl acclunt instead of the company account. I had not yet rreaised an invoice for this.
Can anyone please advise on how to deal with this. Thanks
I'm using general admin 4004001 (as advised by my accountant)
Best answerHi Pete,
That's absolutely fine Brings a bit of humour and fun to the community, always good to see around this time of year. I'm fairly certain I have a post or two like that laying around!
All the best,
Mohamed.
Problem is I was answering the wrong thtead though! That answer was meant for this thread:
https://secure.clearbooks.co.uk/community/questions/23992/where-to-expense-companies-house-fees
!!!
Hi Pete,
Thank you very much for sharing the answer on this! That's helpful.
All the best,
Mohamed.
Hi Pete,
I don't believe it should complicate your personal tax circumstances as you can demonstrate that the payment was intended for the business and not you as an individual. Having said that I would advise speaking to an accountant to be sure of this.
All the best,
Mohamed.
No I don't plan to refund, they are so untogether I don't trust them to actually repay.
If the amount is very low (about £15) I am concerned this complicates my personal tax return if it is more trouble than it's worth as I am a private individual not in business at all outside the company.
Hi Pete,
This would depend on whether you plan to refund the customer or to simply transfer this from your personal account to the business account? If you are simply transferring. You can just create a money in transaction from yourself to the account marking it as a customer payment sent to the wrong account and then allocate this to an invoice raised for the customer.
All the best,
Mohamed.
You must 