Hi Can anyone help please? We were scammed these amounts went out £212.02,£334.30 and £334.30. Luckily we found out before it got any worse and Wise refunded us £335.47,£212.77 and £335.47.
How do I deal with these in Quickfile any ideas please
Thanks
Hello @RVDN_Transport_Virgi
I would reccomend just tagging all 4 bank transactions to 1 nominal code and they all net off
As for which code, It would be up to you or your accountant to decide.
Note the QuickFile support staff are not registered accountants.
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I presume the slight discrepancies would be due to exchange rate differences on payments in a foreign currency, so you’d also need to allocate the difference between the original payments and the refunds to the “currency charges” nominal.
If you originally tagged the outgoing payments as cross-currency payments to a supplier then you may just be able to refund the original payments and set the GBP refund value, and QuickFile would handle the currency variations automatically. If you haven’t yet tagged the outgoing payments then yes, probably tag the money out as transfers to your director loan or drawings account, the refunds as transfers from the same place, then manually create a transaction in the DL/drawings account for the currency variation and tag that as “something not on the list” to the currency charges nominal to get everything back into balance.
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