Correcting Payment Error


G

Greg Maxey

I made a mistake and I don't know how to fix it.

I had a vendor invoice where I owned $68.00. I recorded a payment for
$68.00 with a check recorded as written for $68.00 but the check was
actually made out for $58.00. The vendor has cashed the check. According
to this software everything looks square, but I still owe this man $10.00.

I suppose I need to write him a check for $10.00 and somehow record this in
the journal but I don't know how.

Thanks.


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~~~~~~~~~~~~~~~~~~~~~~~~~~~
Greg Maxey - Word MVP

My web site http://gregmaxey.mvps.org
Word MVP web site http://word.mvps.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 
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T

tomfr

Void the payment for $68.00 and record a new real payment for $58.00. Then
your books will show that you still owe $10.00 and you can pay that to clear
the payable..
 
G

Greg Maxey

tom,

Yes, thank you. That is exactly what I did yesterday after I posted. I
wasn't sure what would happen if I voided a payment when the check was
already written so I backed up did just what you said and everything worked.

I suppose it is because I am a neat freak but I really wish that I could
just delete my mistakes and not have to clutter things up with "voided"
transactions.

--
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Greg Maxey - Word MVP

My web site http://gregmaxey.mvps.org
Word MVP web site http://word.mvps.org
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 
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T

tomfr

Accountants don't like neat. They like details and transaction trails. :)
 

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