How to allocate -Reversal of Direct Entry

Anil7852

Dear Team

Need help to allocate the reversal of entry.

 

As we paid one of the supplier bill on 30/10/2023 and it appeared as a reversal of debit entrynafter few days ,  now how can I approve and allocate  it from the  bank feed, 

 

Could you please highlight the process of doing that?

Earl_HD

Hi @Anil7852 

 

Thanks for the response and I understand how confusing this is if you are new to using the software. 

 

Unfortunately, I could not send you a video regarding this. However, I could create an easier step-by-step process you could follow. 

 

Here are the simple instructions you could follow for creating bulk payments for purchase bills. (feel free to let me know if you have issues understanding any parts of this)

1. Open the bill you need to include in a bulk payment.
2. Click the payment button
3. Process the payment as normal and make sure to mark the "Electronic Payment" button check.
4. Follow steps 1-3 on all bills you want to include in the bulk payment.
5. Go to the "Prepare Electronic Payment" window (Banking > Prepare Electronic Payments),
6. Create the electronic payment. Make sure to choose the right bank account, add the right date, and mark all the transactions included in the bulk payment.
7. Click the Bank File button. (this will then record the payment going from the "Electronic Clearing Account" to the bank account of choice)
8. After following the process, this will result in all bills being paid and having one debit transaction for the whole payment in the chosen bank account.

If you still have confusion, feel free to ask your specific issue and we'll provide further help.

 

Let us know if you require any further assistance with this. 

 

Thanks,
Earl