Hi All - I have accidentally paid an auto instalment thru "Spend money" instead of "Pay bills". This has left an outstanding amount against the creditor from last year. Any ideas of an easy fix ?
Accountant solution - Create a credit note :)
Hey AngieW1
Thanks so much for coming back and sharing the answer with everyone, should make it easier for others in future who may run into the same scenario!
Accountant solution - Create a credit note :)
Thank you Genreve - I thought that might be the case :)
Hi AngieW1,
To correct the outstanding amount in the credit account, it's generally recommended to delete and redo the transaction. If that's not possible because the outstanding amount is from a prior year, it's best to seek help from an accountant. They can guide you on how to write it off or create a journal entry to remove the balance.
Regards,
Genreve
