supplier payment returned

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JoJules
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supplier payment returned

Hi all.

How do I process a transaction where we have paid a supplier on a certain date, bank rec has been done. The next day the payment is returned to the bank as wrong bank details. So I dont want to affect the previous bank rec but I will need to show the payment as returned for the next bank rec.

Thanks

Jules

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GDay53
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Re: supplier payment returned

@JoJules

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

I would use the same procedure as for a dishonoured cheque.

Reverse the payment using the date it was returned in the bank statement then when the correct details have been entered enter the payment again as normal.

Have a read of the Support Note on Dishonoured Cheques.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
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Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
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Whanau-Meats
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Re: supplier payment returned

Hi there!  I am having a similar issue but in Essentials - there was no invoice sent, just a customer cheque payment in store that bounced and has since been paid. Do you know how I code/allocate the amount that was debited when the bank dishonoured the cheque please?

Neil_M
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Re: supplier payment returned

Hi @Whanau-Meats

 

Generally speaking if you weren’t sure about which account to use when recording a transaction, I recommend speaking with your accountant over which account to use when recording this transaction

Regards,
Neil

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