REMMITANCE WITH A PURCHASE AMOUNT DEDUCTED

Question

Hi,

We have a client that has sent us a remittance for their outstanding invoices - however, the was a purchase we needed to pay to them...

what they have done is paid their invoices but have added in the amount we owe them (as a negative) and have reduced the paid to us amount.

My problem is i don't know how to enter this, as the amount they paid doesn't match the invoices they have paid.

Thank you for your help!

LRBooks61 · Accepted Answer

Hi

Can I suggest that you process both the payment of your invoice and the customers payment as normal but allocate the payment to undeposited funds.

Then prepare the deposit from undeposited funds to the bank picking up both transactions which should then match the remittance.

Hope this helps

Lisa