Normally pay by cheques to our suppliers and have already entered on sage. The director has now paid the supplier from his personal account. What is the easiest way to do correct the figures.
I think I have an idea but need to double check
Thank you
Replies (10)
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If the DLA is set up as a bank account (which is how I'd do it), just select the DLA before selecting the Suppliers option in Bank.
If it isn't, you could make a payment from a normal bank account and then journal from the DLA to that bank account.
John
If you Dr Bank, Cr DLA you'd also have a (hopefully) equal and opposite bank receipt not reconciled.
If you're feeling naughty you could just treat them both as reconciled and we'd promise not to tell a soul.
Personally, I'd set up the DLA as a bank account as John said.
Share your idea. Our ideas need to be placed in context of your understanding of bookkeeping.
just seen Accountant A , is of the same mindset!
But I will post .
But if you did that, the invoice would still be outstanding on the supplier account - a payment has to be entered against the invoice.
John
stay clear of the co bank account !
effectively a contra to puchase ledger v DLA [ could be via an internal C?note media in the p/ledger supplier account no vat effect - so if this is sage t9] with decent naarative / audit trail
then :/match off/ allocate entries on purchase ledger