A payment made to a company was returned by the bank due to insufficient funds then represented a day later when it went through OK. How do I tag the initial payment and the return to the bank account. If I pay the bill then show as a refund from client, I can’t then pay it again.
you can ignore contra entries on bank statement and just enter the one actually went through
Oh OK. It’s just that then I have two untagged entries - does this not matter?
Delete them from bank