How do i reverse the receipt of items please? I have received items (incorrectly) and entered the bi

Wendy_9933611
Wendy_9933611 Member Posts: 34
edited September 2019 in Accounts Hosted
How do i reverse the receipt of items please? I have already received items (incorrectly) and entered the bill which has subsequently been paid before i found out we didn't have the goods.

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited September 2019
    Hi Wendy

    There are a few different options depending on whether you are reporting GST on a Cash or Accrual basis?

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com

    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!)
  • Wendy_9933611
    Wendy_9933611 Member Posts: 34
    edited September 2019
    HI Shaz,
    thanks for responding - i am not sure about the reporting i'm afraid i think cash basis. I didn't think it would be a complex issue - it seems such fairly simple error that i thought would be easy enough to reverse. If the bill hadn't been paid i simply would have deleted it and either waited for goods or re-entered it as a bill without the receive items.
    I have the goods now so it's not such an issue but i would like to have known how to do it in case it happens again. 
    cheers
    wendy


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 2019

    Hi Wendy

     

    If GST is definitely reported (eg BAS) on a Cash basis (or if on an Accrual basis & the disparity between receiving the goods & the bill date is all within the same reporting period) then yes, you could just delete the original bill & enter it only upon receiving the goods.

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    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!)