Clarification on writing off old overpayment in Reckon

Fiona Smith_9962137
Fiona Smith_9962137 Member Posts: 4 Novice Member Novice Member
edited October 2024 in Accounts Hosted
Hi, I've got an available credit of .05c showing for a customer on A/R Ageing Summary from March 2018 as an invoice was overpaid. As this was last financial year and books have been closed for this period, what is the best way to clear this credit? I know I need to do a journal to Debit the amount from Customer but what do I process credit to? Thanks

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,830 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2019

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,133 Accredited Partner Accredited Partner
    edited June 2020
    Following on from Shaz's suggestion - if you dont want to edit last years figures (which I probably but I am a bit weird like that!)...you could do an invoice in the current financial year for 5c and allocate it to an item for write off's or for a sales line...  then apply this to the credit.. cheers Linda
  • Fiona Smith_9962137
    Fiona Smith_9962137 Member Posts: 4 Novice Member Novice Member
    edited March 2019
  • Michelle_9656470
    Michelle_9656470 Member Posts: 31 Reckoner Reckoner
    edited March 2019
    That's exactly what I would do :)
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