Forum Discussion

Nikki-OSF's avatar
Nikki-OSF
Cover User
31 days ago

Bank Deposit Error

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 acce...
  • Genreve_S's avatar
    Genreve_S
    31 days ago

    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

Genreve_S's avatar
Genreve_S
MYOB Moderator
31 days ago

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