how do i deposit a repayment to the company for a non-company expense

Roland
Member Posts: 24 Reckoner

Accounts Plus 2018
I have been Googling this for hours, now.
I recently paid my accountant for Super tax return preparation from the business bank account because there were insufficient funds in the Super Trust bank account.
In Reckon, I entered the transaction in the Write Cheques window and used Accountants Fees as the account.
Now there are sufficient funds in the Super Trust bank account, I have transferred the amount back to the Business bank account, but don't know how to enter the deposit.
I believe the original entry into Reckon- Write Cheques is incorrect anyway.
Any help greatly appreciated,
Thanks
I have been Googling this for hours, now.
I recently paid my accountant for Super tax return preparation from the business bank account because there were insufficient funds in the Super Trust bank account.
In Reckon, I entered the transaction in the Write Cheques window and used Accountants Fees as the account.
Now there are sufficient funds in the Super Trust bank account, I have transferred the amount back to the Business bank account, but don't know how to enter the deposit.
I believe the original entry into Reckon- Write Cheques is incorrect anyway.
Any help greatly appreciated,
Thanks
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Comments
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Hi Roland
Go to banking, deposits and deposit into your business bank account. In the from account, put accountants fees to reverse the original transaction.1 -
Further to this suggestion - it doesnt really matter where the original cheque and deposit go to - so long as NEITHER of them have any Tax codes on them so they completely cancel themselves out.1
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Thank you both for your posts. Re-reading my original post, I should have mentioned that this involves an SMSF, and it is not in Reckon.
What I believe I have done, is loan the SMSF account the funds to pay the bill, and now I want to enter the repayment with the right accounts. In addition, I could remove the transaction from Reckon and just annotate on bank transfer, but not as neat?0