Prepaid Transactions Report

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Highlighted
4 Posts
Cover User
Australia
Cover User

4Posts

1Kudos

0Solutions

Solved: Go to Solution

Prepaid Transactions Report

Good afternoon,

 

The company's conversion month was December 2018.

 

An Invoice to a customer was processed on 17/12/2018 for the amount of $617.00 which was then recorded.

The invoice amount was then changed from $617.00 to $1617.00, which I believe was incorrect.

 

The following payments were processed:

 

  • 15/12/18 - Cash payment $1000.00
  • 17/12/18 - Direct deposit $617.00

 

The month end process for December 2018 (Company Data Auditor) showed a prepaid transaction for $1000 on 17/12/2018.

 

Would you kindly advise how to correct this so a prepayment does not appear on the Company Data Auditor report.

 

Kind regards

Sago1967

3 REPLIES 3
Highlighted
MYOB Product Team
6,265 Posts
MYOB Product Team
Australia
MYOB Product Team

6,265Posts

1,055Kudos

895Solutions

Accepted Solution Solved

Re: Prepaid Transactions Report

Hi @sago67

 

The prepayment report should show the Invoice if there is a Payment transaction dated before the Invoice Date.

 

From your description, the invoice was raise don 17/12 though there is a payment of $1000 on 15/12. This would qualify to show in the report.

 

If you do not want to have this show on the report, the date of payment would need to change. 


Cheers,
Hayden
MYOB Product Team

Currently Working On:
Supplier Feeds | MYOB Capture App | MYOB Invoices app (Starting soon)
In Tray (Server)
Previously Worked On:
In Tray (Front-End) (2019-2020)
MYOB Support (Various roles - 2015-2019)

Highlighted
4 Posts
Cover User
Australia
Cover User

4Posts

1Kudos

0Solutions

Re: Prepaid Transactions Report

Thanks Hayden, makes total sense now Smiley Happy

Highlighted
2 Posts
User

2Posts

0Kudos

0Solutions

Re: Prepaid Transactions Report

Hi

I have many prepayments on Orders. I convert these to Invoices once the final payment has been made. Using the Final payment date as the Invoice date. These always show up in the Company Data Auditor. How am I able to prevent this happening. These prepayments are ofter back to the last closed quarter (after BAS has been calculated)

Help please

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post