Journal Entries

Question regarding journal entries. 

For example, under payables, if I processed an invoice as paid($300)but that was incorrect and I need to make a journal entry to fix this, how would I go about doing this? 

Parents
  • 0

    Sorry but we need more information. eg. how is it to be corrected?

    1. Are you going to get a refund?
    2. Did you actually send the payment?
    3. Did you make the payment in the Payments Module or the Purchases module?
    4. Did the payment clear the bank or credit card statement?
    5. Are you or did you already get a credit invoice to be used in the future?
    6. Is the payment too much or too little?

    Based on what you supplied, I would generally go back to the module you posted the payment in and change it to what it should be but that method really depends on the answers to the above questions first.

Reply
  • 0

    Sorry but we need more information. eg. how is it to be corrected?

    1. Are you going to get a refund?
    2. Did you actually send the payment?
    3. Did you make the payment in the Payments Module or the Purchases module?
    4. Did the payment clear the bank or credit card statement?
    5. Are you or did you already get a credit invoice to be used in the future?
    6. Is the payment too much or too little?

    Based on what you supplied, I would generally go back to the module you posted the payment in and change it to what it should be but that method really depends on the answers to the above questions first.

Children
No Data