[Question] Journals

[Monique93]

Hi

I need some urgent help... made a mess with my supplier journals.

I wrote off debit and credit amounts of 0,01 and -0,39 (over payments and under payments), but I did it in the supplier journal and not the general journal I did not use the Bad Debts or Bad Debts Recovered contra accounts but the general ledger accounts used for each supplier for example printing and stationery.

Example:
01/11/2018 Supplier - Builders Ref# Description - Write Off Tax - 15% Contra Account - Repairs & Maintenance Amount - R 0,01

Please advise me on how to correct my mistakes

[Monique93]

Can I do journal entries to reverse the transactions?

[Mike C]

Hi Monique93. I would suggest that you reverse the incorrect journals and then enter them correctly. Unfortunately they will show on the Customer statements but at least it will show as reversed.

I always suggest that you do a backup before you do your journal entries so that once you have made your correction you can check that it works as planned. If not, then you can restore your backup and redo it. Saves trying to correct incorrect "corrections" which start looking quite messy.