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BradeScott's avatar
3 years ago

Outstanding deposits

I have just recently taken over some book keeping duties to help a friend out and it's been many years since I've used MYOB Account Right so I'm after some help resolve some inconsistencies I have come across with some debtor payments. The invoices have had a payment applied to them but I can't find them on any of the bank statements but they show up in the outstanding deposits section of the bank account reconciliation report for that month so where do I start looking to see if that amount has ever actually been paid because I can not find it on the bank statements anywhere but the invoice is showing as paid

some help would be appreciated I'm a little out of my depth

thank you 

  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User

    Hi 

     

    If its not on the bank statement it hasn't been paid

     

    So does your friend have other bank accounts that it may have been paid to?

    Do they know that the invoice has been paid ? 

    If there isn't any record of payment I would reverse the payments and issue a statement to the client.

    If payments have been made they will let you know and can provide details of payments. I love being the new bookkeeper as you can completely blame yourself for any issues while getting answers from suppliers and clients- The old I am working through the files and this appears to be unpaid..............

     

    Hope yhis helps

     

    Lisa