Bank Deposit Error

Question

Hi,

It seems we have been paid a rebate for something completely unrelated into our bank account in error.

In order to reconcile our bank statement, I am unsure how to process this amount to accept the funds that will potentially need to be returned.

Your help is appreciated

Thanks

Nikki

Genreve_S · Accepted Answer

Hi @Nikki-OSF ,

I understand this amount paid will need to be returned in a later date. Generally, transactions of this nature are accounted for via spend money transaction and returned as received money transactions in a later date. However, I recommend seeking clarifications with an accountant to find the correct way of recording this.

In the meantime, feel free to create a new thread if you need any other help.

Thanks,
Genreve