credit put into bank account
Hi all,
we accidently paid an invoice twice.
We ended up using some of that amount to purchase from the supplier and the balance was put back into our bank account. How do I enter this amount refunded so i can reconcile?
Forum Discussion
1 Reply
Hi newbie3,
That’s a bit of a supplier-payment two-step, but it can be tidied up. Since the supplier was paid twice, keep both payments recorded in MYOB. Apply the first payment to the original bill, then record the second payment against that same bill. This creates a supplier debit for the extra payment. Apply the amount used for the later purchase to that new bill, then refund the remaining balance.
- If the supplier debit isn’t already showing, record the second payment against the original bill first.
- Go to Purchases > Purchase returns and debits, select the debit and choose Refund.
- Select the bank account where the refund was received, enter the refund date and exact remaining amount, then record it.
- Match the bank-feed refund to the refund transaction you recorded, rather than allocating it again.
You can find the full steps in Supplier overpayments and double payments. If you’re unsure which account or tax code to use, it’s best to check with your accountant.
Cheers,
Doreen
