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Butterfly8's avatar
Butterfly8
Experienced User
4 years ago
Solved

how do I refund money which one of our sub-contractor deposit to my company account by mistake.

Good afternoon support team,   How should I process money which one of our sub-contractor deposit to my company account by mistake?   I have already refund  to her. $717.08     Thanks ...
  • Steven_M's avatar
    Steven_M
    4 years ago

    Hi Butterfly8 

     

    You may want to speak to your accounting advisor in terms of the process. However, if the payment was by mistake and it was refunded, my recommendation would be to just create a new Receive Money transaction from the deposit and then a Spend Money transaction from the withdrawal. This can be allocated to the same account so there will be no long outstanding impact on that account.

Steven_M's avatar
Steven_M
Former Staff
4 years ago

Hi Butterfly8 

 

You may want to speak to your accounting advisor in terms of the process. However, if the payment was by mistake and it was refunded, my recommendation would be to just create a new Receive Money transaction from the deposit and then a Spend Money transaction from the withdrawal. This can be allocated to the same account so there will be no long outstanding impact on that account.

  • Butterfly8's avatar
    Butterfly8
    Experienced User
    4 years ago

     Thank you so much for your support.

    All good now.

    Thanks

    Kyu

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