HELP - I have made a major accounting error and can’t work out how to resolve it.
Basic details; I processed three separate invoices thinking the boss had paid them by by cash, so processed as cash payments.
I now find that these were actually paid by his private paypal account and subsequently paid his account back via the company bank account.
Some of the payments were in the previous VAT period, so I have tried to correct the three errors, but as there is not an overview of every transaction/payment/correction I can’t actually work out what the hell I have done, or what account the payment has been paid from…
Any ideas please???