Results 1 to 2 of 2

Thread: Customer Journals in Pastel

  1. #1
    Email problem
    Join Date
    Nov 2012
    Location
    Cape Town
    Posts
    43
    Thanks
    5
    Thanked 1 Time in 1 Post

    Customer Journals in Pastel

    Hi there

    If a customer journal is processed instead of a invoice to raise a monthly fee, such as school fees March for instance in the cash of a school, which would be an income, what is the correct contra account to use? Would it be 1000/000 which is Fee income or would it be the opening balance customer control account? The contra account has been set up as the Opening balance Customer control account and things do not look correct.

    How would one correct this using a journal if the incorrect contra account has been used? Is it correct to reverse the total amount or will each amount that has gone through the wrong contra account have to be re-entered individually after having been reversed? There is no tax applicable.

    Thank you
    Raene

  2. #2
    New Member
    Join Date
    Aug 2009
    Location
    Durban
    Posts
    7
    Thanks
    1
    Thanked 0 Times in 0 Posts
    Hi Raene, Your contra will be the 1000/000 fee income account. if you have posted incorrectly you can just do a journal to debit the opening balance control account and credit the 1000/000 account seeing that the customers accounts are correct. You dont want to mess up your customers accounts unnecessarily.
    Maureen

Similar Threads

  1. Replies: 6
    Last Post: 04-Feb-16, 09:42 AM
  2. Replies: 2
    Last Post: 06-Mar-13, 08:10 AM
  3. Pastel Partner - How to invoice travel kms per customer?
    By cagenuts in forum Accounting Forum
    Replies: 6
    Last Post: 10-May-12, 08:58 PM
  4. Replies: 1
    Last Post: 06-Mar-12, 07:06 PM
  5. Quick Books - Customer Journals
    By KimH in forum Accounting Forum
    Replies: 17
    Last Post: 09-Jun-11, 05:46 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •