I know this is an accounts question, but I’m sure it’s a very easy one to answer for many members of this group… please!
Earlier this year I made a substantial purchase and payments have been taken on a zero % interest basis monthly (by a third party) over the last 9 months. The final payment has just been taken by the third party, yet I noted from my accounts that the invoice is still showing as being 54p from being fully repaid.
Closer inspection shows the amount charged was £x,xxx.60, but the amount notified to the third party by the supplier was £x,xxx.06, which is the total amount they have now taken - and that is therefore the 54p difference!
As the supplier was effectively “paid in full” 9 months ago when they passed the (incorrect) request to the 3rd party, I can not see the supplier chasing the 54p - they would have already done so. And the third party has received 100% of the amount they agreed to collect, and they have notified me the account is fully settled.
So… I’m left with a QF supplier account that is showing 54p still to be paid, but which I really don’t think anyone will ever ask for!
The question is therefore, please, how do I “write off” this unpaid amount so that my accounts balance?
I (obviously?) can not alter the original invoice now, as it was “closed off” several VAT quarters ago.
TIA