KT100
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Joined 7 years ago
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Owner paid and reimbursed telephone bill in error through company bank account
How do i record the above payment and reimbursement? Do I record spend money (telephone expense acct), receive money transaction (shop sales or something) given I have no bill ? Do I include GST ? Thank you Karen241Views0likes1CommentRe: GST Summary vs Profit and Loss Statement reconciliation
Hi Samara thank you for your response. the out of balance seemed to have occured back in 2013 from what I can see.. and my accountant has little no time to be worrying about a -$72.13 balance and he says its just not worth the time. He looks at the AR diff end June, but it doesnt take into account the old 2013 figure, so its constantly an error in company auditor. What journal entry do I enter to get it back to zero.. and I can start afresh. Karen989Views0likes1CommentRe: GST Summary vs Profit and Loss Statement reconciliation
Hi Samara thank you for responding. I have attached a file which I hope helps. I am just trying to figure out where the sales / purchases figures come from on the P&L. Sales I now understand. Hopefully you can help me understand the Purchases figure. See my attachment. Karen1.3KViews0likes3CommentsGST Summary vs Profit and Loss Statement reconciliation
Hello, Hoping you can help me. When I reconcile GST Summary accrual Sales, I take the (GST $amount divided by 1.1) plus other sales values on the GST summary report, it balances with the P&L, total trading income + Other Income . However when I try with the purchases , the figure doesnt balance with total cost of sales + total expenses. Am I doing this wrong?1.4KViews0likes5CommentsRe: I paid a supplier invoice but to the wrong bank account
Hello I paid a supplier but as his bank details had changed, the money was returned. I reversed the payment so the account still shows the money to be paid. However this doesnt show in my bank reconciliation that its been returned into the bank? Can you please advise what I am doing wrong? Karen1.5KViews0likes1CommentPay liabilities
I have just done a payroll and tried to use the pay liabilities window. the amount comes to a figure that includes cents.. however when I am trying to reconcile my bank statements, I dont want the cents figure. clearly I am doing something wrong... I would normally record spend money.755Views0likes1CommentRe: Superannuation Payment Returned
In addition to my first post, I am confused about what dates to use... hope you can help as confused as how this will affect reconciling via bank statements. I paid super clearing house on 2 dec 21. Money returned to my bank acct for 1 payment 31 Dec 21. When the problem is sorted out, I still need to make that payment again... What date do I do the reversal of the batch to clearing house? What date do I then process the payments again LESS the one returned?1.6KViews0likes0CommentsTIME IN LIEU CATEGORY MARKED NOT ROLLOVER IN ERROR.
I have an employee who has time in leiu accrued, but for some reason the rollover to next year wasnt ticked for some reason. His card says he has 24 hours in lieu, so I assume that can still be used? How do I resolve this so his entitlement shows on his payslip for the current year?Solved637Views0likes1Comment