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Enter payment but failed to actually make payment

Deepa1
Contributing User
6 Posts
Contributing User
Contributing User

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Enter payment but failed to actually make payment

I realised that I have entered transaction as spend money in my MYOB Essential.  However, my bank statement does not match.  I went back through my statements and it looks like I have forgotten to pay them.   How do I fix this?  Can I pay them now and match it to spend money transactions entered a few months ago.  OR should I delete those spend money and enter them to today's date.  But would that would affect my GST report which I have already claimed. HELP!!

2 REPLIES 2
Neil_M
MYOB Moderator
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MYOB Moderator
MYOB Moderator

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Re: Enter payment but failed to actually make payment

Hi @Deepa1 

 

I recommend speaking with your accountant or tax advisor. They will be able to advise you on any potential tax implications on the payment not being made and whether they want you to delete and reenter the payment or just leave it in the file and match the payment up

 

Your accountant may recommend deleting and reentering the payment when it happened so that the bank reconciliations are correct between the file and the actual bank statements

Regards,
Neil

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Deepa1
Contributing User
6 Posts
Contributing User
Contributing User

6Posts

3Kudos

0Solutions

Re: Enter payment but failed to actually make payment

Thank you.

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