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203 Results For Reversing A Payment

Reversing A Payment

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Reversal rather than delete payment

…to delete the payment and start again, however, our only option was to reverse. we re-applied the payment and banked it into the correct account, but it still will not appear in the reconcilliation. The customers account also looks very messy as there are several reversals and payments which cannot be…

Reversing a payment

…right invoice to payment as the exchange fluctuates so much. As a result I have entered an invoice/bill at the wrong NZ$ value and subsequently applied the wrong payment to it. Is there a way I can reverse the payment (both bill and payment are closed)? And once the payment is reversed can I then go into…

reversing purchase double-ups with payments applied

…inadvertantly entered a number of PURCHASE transactions twice, and also have applied payments to them (yep - twice). I want to eliminate one of the doubled-up transactions (both purchase and payment). I have tried reversing the transactions as suggested on a few previous threads, but i cannot seem to be…

Deleting a reconciled transaction

…to be reversed. * Click the zoom arrow next to the transaction. The following message will be displayed advising that the transaction is already reconciled. * Click OK to the message. * Go to the Edit menu and choose Reverse Transaction. * Change the date to represent when you want the reversal to appear…

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…

Deleting a reversal and a payment of same BILL

…ended up being paid via Spend Money rather that Bill Payment. The previous MYOB lady entered an incorrect payment and then did a reversal of payment, and then paid the account by Spend Money. If I were to delete the incorrect payment and the reversal, would this effect the GST for this period? They are…

Reversing customer deposits

…5 - Reversing finance charges (if applicable) If a finance charge was taken as part of the payment: In AccountRight 2011 and later: * Open the sale created by recording the finance charge. * Reverse the finance charge sale. * Check the reversal transaction details then click Record Reversal. When…

Handling overpayments

…Record the overpayment * Go to the Sales command centre then click Receive Payments. * Click the drop down arrow next to the Customer field and select the customer who has made the overpayment. * Enter the customer's payment details including the Amount Received, Date, and Memo. * If the invoice that…

Reversing electronic payment

…electronically paid a supplier, but used an out of date BSB and account number. I reversed the payment but it is now sitting in 'Prepare Electronic Payments' as a minus amount. What should I do now to remove the reversed amount from this section. Thanks Pam

Setting up and reporting GST

…known as the GST Accounting Basis. You will either report on a Payments (cash) basis or Invoice (accruals) basis. These are described as follows: Payments (cash) basis: You report GST collected and paid at the time of receipt or payment. For example, you make a sale for $100 on 01 August but don't receive…

Reversal of payment from Dec 2011

…open payment was applied (back in Dec 11) to his account, so effectively his customer paid twice. We wrote out a company cheque to reimburse his customer, however how do we apply this in MYOB? If I try and reverse the payment it does not give me the option of entering a cheque no, only the reversal of…

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

…may also be useful: Receivables reconciliation Handling overpayments Reversing customer or supplier deposits Solution Summary When a finance charge is charged to a customer, the software records two transactions: * a Receive Payments receipt, and * a corresponding Sales Invoice (the finance charge).…

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