Prepaid Transactions Report

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sago67
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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

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MYOB Product Team Haydes
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MYOB Product Team
Australia
MYOB Product Team

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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 (Ex-Moderator)
MYOB Product Team
sago67
4 Posts
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Australia
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Re: Prepaid Transactions Report

Thanks Hayden, makes total sense now Smiley Happy

WendyeRyan
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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

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