Reversal of receipt

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  • mirirai
    Email problem
    • Mar 2020
    • 5

    #1

    [Question] Reversal of receipt

    Goodday the bank duplicated a receipt from a customer (i entered both receipts on pastel) then the bank reversed it a year later. How do record the reversal for the duplication? i thought of doing journal entry by Cr Bank and Dr Customer but then again it will not appear on the Bank reconciliation. Thank you in advance for your assistance
  • Kevin Smith
    Silver Member

    • Aug 2018
    • 262

    #2
    Process the receipt in the cashbook, but put a -ve sign in front of the amount. It will then also reflect on your bank recon.
    Kevin Smith
    Sage Pastel Support Consultant
    KS Consulting
    www.ksconsulting.co.za

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    • mirirai
      Email problem
      • Mar 2020
      • 5

      #3
      Thank you so much.

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