How to account for refunded mistaken payment?

Hi all,

A client paid into my bank account by mistake. I refunded this amount, and i see it in my accounts as money in money out. Just wondering how I account for this as it’s not like an invoice that was refunded.

Any help is appreciated

Regards
Jose

tag receipt as payment on account and payment as refund to customer

1 Like

Thank you!

Regards
Jose

Ah slight issue: the payment on account is not allocated to any invoice, but the refund has to be tagged to an existing invoice.

Any suggestions?

You can do journal entry for bank in and out or if its one off small amount then leave it al together

Than you - much appreciated!
Jose