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Thread: How to correct a double entry in my cash book

  1. #1
    New Member AntoinetteReed's Avatar
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    How to correct a double entry in my cash book

    Hi everyone

    I am very new to Pastel as well as accounting...

    I entered a payment to a supplier twice in my cashbook by accident of course :-) how do i fix this?

    Many Thanks

  2. #2
    Platinum Member Neville Bailey's Avatar
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    Hi Antoinette,

    The best way to fix that type of error is to recapture the payment, exactly as you did when you captured the duplicate payment, but with a minus sign in front of the amount. Make sure you use the same reference as the duplicate payment, so that the duplicate payment and the correcting entry will consolidate and offset each other in the bank reconciliation screen.
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    AntoinetteReed (29-Aug-12)

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    New Member AntoinetteReed's Avatar
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    Thank you soo much Neville - it worked

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    New Member AntoinetteReed's Avatar
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    another question - What is the best way to correct those R0.01 rounding differences?

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    Junior Member Rika's Avatar
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    You can open a general ledger account called rounding differences or you can just allocate it to bank charges.

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