Reverse Finance Charge

16 Results For Reverse Finance Charge

Sales payment incorrectly allocated to finance charge

…in Mar. When I allocated the balance outstanding, the $100 went into the finance charge field. My collegue told me that he sold $100 chemical to customer after I recorded the transaction. I need to reverse the finance charge to sales payment, but I couldn't delete the receive payment against a recorded…

Finding and deleting or reversing a finance charge – but now I can't reconcile the account.

I used the 'Finding and deleting or reversing a finance charge' advice (customer card shows a balance owing, but there is no invoice outstanding). I used the 'What if the finance charge is from a previous financial year?' option as the amount owing is very old. It worked as far as zeroing the customer's…

Finding and deleting or reversing a finance charge

…choose Reverse Payment. * Set the date of the reversal then click Record. * Click OK to the reminder alert. Task 3 - Delete the original finance charge * Go to the Setup menu, choose Preferences and click the Security tab. * Deselect the option Transactions CAN'T be Changed; They Must be Reversed [system…

Finding and deleting or reversing a finance charge in AccountRight 2011 and later

…deleting or reversing a finance charge. Note: This information equally applies to Purchases or Trade Creditors. The following support notes may also be useful: Receivables reconciliation Handling overpayments Reversing customer or supplier deposits Solution Summary When a finance charge is charged to a customer…

Payables reconciliation out of balance

…a Finance Charge When a Finance Charge is recorded, the software creates two transactions. If only one of these is deleted, an out of balance will occur. For further information and instructions on correcting this please refer to our support note Finding and deleting or reversing a Finance Charge (for…

Wrong debtors payment allocation to finance charge

…outstanding. I understand finance charges only show on statements. We generally don't use finanace charges. I cannot delete the receive payment against a recorded sale and I cannot delete the sale with a payment applied. As the customer has already paid, I need to reverse the finance charge allocation so the…

Handling overpayments

…outstanding on another invoice. * Ensure the overpayment amount is not included in the Finance Charge field. If this has occurred and the transaction has been recorded, our support note Finding and deleting or reversing a finance chargewill help. * If the amounts entered in the Amount Received and Amount Applied…

Credit Notes

…be appropriate to use if you had not setup a linked account for Discounts given. Creating a credit note Reversing an existing sale: This method can be used where an entire sale is to be reversed. This will create a credit note the whole value of the sale and return all stock items into inventory. *…

Debit Notes

…to the existing debit note? Deleting or reversing a debit note In what type of situations would I need to issue a debit note? You returned items to a supplier because they were faulty * If all items were returned and they had not been paid for, just reverse the sale and use the Returns & Debits tab…

Reversing customer deposits

…choose Reverse. * Check the reversal transaction details then click Record Reversal. When checking the Date: If you're running on an Accural Basis, ensure the Date is set in the correct reporting period. Note: If there is no finance charge, skip to Task 6. Task 5 - Reversing finance charges (if applicable…

Reversing supplier deposits

…choose Reverse. * Check the reversal transaction details then click Record Reversal. When checking the Date: If you're running on an Accural Basis, ensure the Date is set in the correct reporting period. Note: If there is no finance charge, skip to Task 6. Task 5 - Reversing finance charges (if applicable…

Receivables reconciliation out of balance

Finance Charge transaction When a Finance Charge is recorded, the software creates two transactions. If only one of these is deleted, an out of balance will occur. For further information and instructions on correcting this please refer to our support notes Finding and deleting or reversing a finance