Results 1 to 2 of 2

Thread: Overpaid on supplier invoice in April, cleanest way to fix?

  1. #1
    Full Member michellepace's Avatar
    Join Date
    Oct 2018
    Location
    South Africa
    Posts
    85
    Thanks
    10
    Thanked 2 Times in 2 Posts

    Question Overpaid on supplier invoice in April, cleanest way to fix?

    Hi there,

    Can anyone please advise the cleanest way to fix this:

    • I created a Supplier Invoice (PN2222) in April for R1,000 for two items (R800 + R200). We paid this invoice too. The VAT for April has been closed off.
    • Now in July I realise we should have never paid for the R200 item
    • We now have another invoice from the same supplier for R3,000. Ordinarily I'd simply create a Supplier Invoice for R2,800 and thereby "take out" the R200. But I know there must be a cleaner way as I don't like altering/messing up a new Supplier Invoice for the sake of an old Supplier Invoice.


    What is the best way to go about fixing this, is it as simple as creating a Return & Debit against PN2222 in the month of July for R200? and the VAT will be correctly worked out for July?

  2. #2
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Durban
    Posts
    2,656
    Thanks
    226
    Thanked 354 Times in 310 Posts
    is it as simple as creating a Return & Debit against PN2222 in the month of July for R200? and the VAT will be correctly worked out for July?
    Hi michellepace - that's the way I would go.
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel. - Maya Angelou

Similar Threads

  1. [Question] Pastel Customer Invoice as a supplier
    By GerardS in forum Accounting Forum
    Replies: 0
    Last Post: 16-Jul-17, 02:14 PM
  2. Replies: 2
    Last Post: 09-Jun-15, 01:50 PM
  3. [Question] GRN into Pastel different to Supplier Invoice
    By AbigailM in forum Accounting Forum
    Replies: 1
    Last Post: 20-Oct-14, 07:35 PM
  4. How does Pastel link a Supplier Return to a Supplier Invoice?
    By Leigh Peiser in forum Accounting Forum
    Replies: 0
    Last Post: 27-May-14, 02:03 PM
  5. Duplicate Supplier Invoice - how do I reverse?
    By Nessa2907a in forum Accounting Forum
    Replies: 3
    Last Post: 12-Mar-14, 01:43 PM

Tags for this Thread

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
  •