Supplier Credits in excess, how do I reverse this.
I am new to bookkeeping in general, I have been using reckon accounts hosted for just over a year now and have slightly improved.😬 I have inherited a lot of errors which I am slowly but surely getting through.
I have tried to sift through a lot of the content about credits but have not managed to find the answer (I am guessing I haven't asked the right question). so long story short, I am finding that many of our regular suppliers have these massive credit amounts - due to payments made (cheques deposited) and then deleted - for whatever reason, double entry or a mistake I'm thinking.
Now how do I correct / reverse these?
Also, will this upset my reconciliation records by mucking with these numbers?
Been down that road a few times, I can confirm it only causes late nights.
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