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Thread: Supplier Journal Entries - PASTEL

  1. #1
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    Supplier Journal Entries - PASTEL

    Hi there,
    How would one go about making a journal entry where the supplier invoice was captured correctly, but the payment was then only correctly allocated to the expense account, but not to the correct supplier?
    Many thanks

  2. #2
    Platinum Member Neville Bailey's Avatar
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    Nov 2010
    Morningside, Durban
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    I hope I understand your question.

    Are you saying that, instead of allocating the payment to the supplier account, you incorrectly allocated the payment to the expense account that you used when capturing the supplier invoice?

    If so, then you have duplicated your expense and your supplier account remains unpaid.

    To correct this, recapture the cashbook payment exactly as you captured it, i.e. same date, same expense account, same reference, BUT with a minus sign in front of the amount. This will effectively reverse your incorrect entry. Then capture the payment again, but this time allocate it to the supplier account.
    Neville Bailey - Pastel Accounting Consultant and Photographer
    IronTree Online Solutions
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    "Give every person more in use value than you take from them in cash value."
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