Forum Discussion

Myoblearner1's avatar
Myoblearner1
3 years ago

Overpayment to Supplier using Spend function

Hi,

 

I am using Myob Accounts Right Standard.  On 19th Sep I made a payment  of $1120 to supplier using Spend function. On reviewing the cheque on 24th Sep I found that the payment should have been $1110 instead of $1120. How do I make adjustment to this transaction for this error. Cheques are not posted until the end of month

 

I know the method to do that using Pay Bills. How do we do that for amounts entered using Spend function.

 

Please advise.

 

Regards

Anu

  • Tracey_H's avatar
    Tracey_H
    Former Staff
    3 years ago

    Hi Myoblearner1 

     

    Thanks for your post. You can edit a Spend Money transaction by opening the transaction and making the required changes. If the supplier has already received the payment you would need to leave the original transaction as it is in order to reconcile your bank account. You would then need to record a refund or a credit note for the overpayment, depending on the arrangement with the supplier.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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