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

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Roland
Roland Member Posts: 24 ✭
edited June 2020 in Reckon Accounts (Desktop)
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

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  • Rozep
    Rozep Member Posts: 20 ✭
    edited June 2020
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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.
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,131 Accredited Partner Accredited Partner
    edited May 2020
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    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.  
  • Roland
    Roland Member Posts: 24 ✭
    edited May 2020
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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?

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