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Bank tagging of mis-payment

Hi, I have had a payment come through on my bank account by mistake which I have refunded to the organisation that paid it. How should I tag these transactions as they do not relate to any outstanding invoices or clients etc. I have a payment coming in for £150 and then a payment going out for £150 so I just need to cancel them out but not sure how to do it correctly.



You can just delete them from QF.

This won’t have any effect on the bank account balance because it had +150, then -150 and the result of that is 0.

Hope this helps.

Thanks - I didn’t think of that, makes sense!

Rather than deleting bank entries. You could also tag both as proprietors drawings or directors loan account transactions.

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