Results 1 to 2 of 2

Thread: Supplier Journal Entries - PASTEL

  1. #1
    New Member
    Join Date
    May 2013
    Location
    Bellville
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts

    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
    Diamond Member Neville Bailey's Avatar
    Join Date
    Nov 2010
    Location
    Westville, Durban
    Posts
    2,760
    Thanks
    44
    Thanked 451 Times in 396 Posts
    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 - Sage Pastel Accounting Consultant
    www.accountingsoftwaresupport.co.za
    neville@accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

Similar Threads

  1. [Article] Pastel Accounting Tip: Journal Contras
    By Neville Bailey in forum Accounting Forum
    Replies: 12
    Last Post: 25-Apr-23, 09:21 AM
  2. [Question] Importing General Ledger Journal into Pastel Xpress V 12
    By Stevie Mac in forum Accounting Forum
    Replies: 18
    Last Post: 02-Mar-20, 07:24 AM
  3. Supplier cleanup in Pastel Partner 12
    By HPKOCH in forum Accounting Forum
    Replies: 2
    Last Post: 13-Aug-13, 12:52 PM
  4. [Question] Inventory journal entry on Pastel
    By Jackievdw in forum Accounting Forum
    Replies: 5
    Last Post: 19-Jul-13, 09:07 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
  •