Bill payment duplicated in bank account

mwilliams
mwilliams Member Posts: 1

Good afternoon,


We have inadvertently duplicated a bill payment in our bank account. Could anyone advise the best way to record this in Reckon Hosted please? The supplier will be returning the second payment to us.

Thank you.

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    I would record the second one as a cheque with no tax code, and post to a clearing account or Contra and when the deposit comes in enter as a make deposit to the same account

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Of course that’s another option but unless more info is necessary I prefer the KISS method

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2021

    Have to agree with Zappy on this one - If you’ve made 2 payments (albeit unintentionally) you want both payments showing on your Bank Rec so it reconciles as per your Statement … 1 as the original Bill Payment, the 2nd as a stand alone Write Cheque to the Supplier posting to your Accounts Payable (no tax code!) with the Supplier name again in the Customer:Job column.

    This will then reflect in your Pay Bills window as a Bill Credit which you can then allocate to a subsequent Bill or offset against a refund (Deposit) accordingly. (NOTE: If the amount is refunded, make sure your Deposit also posts to the Accounts Payable account - in the Account column - to enable this action!)

    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!)