End of Year Journal Entry / Bank Transfer

Rachel Hardy
Rachel Hardy Member Posts: 6
edited August 2019 in Reckon One
Hi everyone, I'm a newbie to accounting and hoping to get some advice. I’m processing a journal entry that needs to be put through as at 30 June 2016 for an employee reimbursement, but the actual bank transfer was made today the employee’s account, so there’ll be a discrepancy between the end of financial year bank balance in the books and actual bank balance. Is this an issue for reporting purposes?

Comments

  • Rachel Hardy
    Rachel Hardy Member Posts: 6
    edited July 2017
    Hi Kevin, (sorry if this sounds silly) but I thought if I put it through as a bill I'd need an ABN to claim GST? If I put it through as a reimbursement in a journal entry I wouldn't and could rely on employee receipts to claim GST?
  • Rachel Hardy
    Rachel Hardy Member Posts: 6
    edited July 2017
    It isn't one receipt, the reimbursement is for multiple expenses (vehicle use) across the financial year - so numerous receipts / tax invoices from different suppliers.