Tektite
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Joined 13 years ago
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How to record purchases overpayment made to a consolidation company
Hi, I would really appreciate some help with this. We are in the automotive industry and have been using Capricorn to pay a group of suppliers. Recently, I ended up overpaying Capricorn because they failed to record our previous month's payment on the next statement. I typically record the payment in the same manner as you would for payments made through PayPal. I made a payment of $1,714.49 to Capricorn for invoices totalling $460.90, leaving me with $1341.34 to allocate. I have no idea how to record this because there is no one single supplier to credit. Until this is sorted, I am unable to perform a bank reconciliation. Help please?SolvedMYOB Bank reconciliation
Hi Since the upgrade, when I try to do a bank reconciliation, it is out by several thousand dollars. I have undone several past reconciliations, but I cannot get my reconciliations to balance. I have also tried doing a forward-dated reconciliation, but this has not helped. Do you have any suggestions, please? Kind regards TektiteSolved460Views0likes2Comments