Unclaimed Refund

Hi,

 

We provide pre paid services and a customer left and was due a refund but did not ever confirm his bank details, we are now unable to contact him.  It is coming up to our year end and I wondered the correct accounting treatment for this.  Should it go into a holding account of some sort?

 

Thanks

Comments
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The ex client is a creditor

bernard michael |

So the answers is yes

zebaa |

Out of interest, how much are we talking about about ££?

Martin B |

Creditor

James Hellyer |
James Hellyer's picture