Hello,
I accidentally posted the same payment to my Credit Card twice. How to I go about reversing one of the payments?
Thank you.
Hello,
I accidentally posted the same payment to my Credit Card twice. How to I go about reversing one of the payments?
Thank you.
Assuming the payment normally comes out of 1060 Bank, and that your VISA account is 2133 VISA Payable (or substitute the correct accounts as necessary), and dating the reversing journal entry with the same date:
DR. 1060 Bank $ 0,000.00
CR. 2133 VISA Payable $ 0,000.00
that's great! Thank you kindly.
Elisa:
If you used the feature in Pay Vendor invoices using the Pay Credit Card Bill option then all that is required is to put through a negative credit card payment on the same date. If you used another method please describe what you did so we can reply back. Hope this helps!
Hello,
thank you for your reply. That is what I ended up doing, posting a negative credit card payment; however, this has resulted in two transactions that now affect my bank reconciliation. I was hoping to simply delete the credit card transaction so that it no longer shows up on the bank reconciliation.
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