Applied a payment to an incorrect Invoice and Reconciled the Bank

Deb8881
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Applied a payment to an incorrect Invoice and Reconciled the Bank

How do I fix a payment applied to an incorrect invoice when I have already reconciled the Bank statement

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MYOB Moderator Steven_M
33,027 Posts
MYOB Moderator
New Zealand
MYOB Moderator

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Re: Applied a payment to an incorrect Invoice and Reconciled the Bank

Hi @Deb8881 

 

What I would do is:

  1. Go to Setup>>Preferences>>Security and enable Transactions can't be changed they must be reversed.
  2. Open the Receive Payment transaction that was recorded incorrectly
  3. Select Edit>>Reverse Payment and record the reversal
  4. Apply the payment to the correct invoice.

By reversing that transaction you generate a new transaction in the bank account (will be a withdrawal) and doing that payment correct (will be a deposit) to you have deposit and withdrawal that match each other. These two transactions can be ticked as part of your next reconciliation and as they cancel each other out there is no impact on the bank account.

Kind regards,
Steven

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