Silly me.
Swapped over to a new business account a couple of months ago and made a mistake.
When people purchase on my ecommerce store, the stripe purchase is logged with an invoice.
Unfortunately, when I have drawn the money from Stripe to my bank account, that has also been logged as a purchase. So, in effect each purchase is logged twice, doubling my income in profit and loss.
For the purchases this month i have managed to make a manual adjustment.
However, the purchases in July (6 Stripe bulk payments into the bank account) cant be manually changed as I have completed my vat return.
For vat purposes it’s entirely neutral as the purchases are all zero rated.
In simple idiots guide terms, how should I best deal with this within Quickfile?
Hello @adininja
Credit/refund all the invoices
- Open the invoice
- More Options > Credit Note
- On the refund screen, select the bank they were paid from
The will make another entry in the bank reversing the duplicate
This would also then be picked up on the next vat return reversing any reported figures made in error