Creating a negative Incomming Payment to re-instate an Invoice
Hi All, I believe that we can create a negative incomming Payment to reverse a deposit that has a dishounered cheque. When I do the negative incomming payment it does display the BP balance as being re-instated but when I try to do another incomming Payment for that BP the balance and outstanding amount does not match.
AR Invoice $110 $110
incomming Payment $50
Deposit cheque $60
Negative Incomming Payment (PayOnAcc) -$50
Deposit negative Cheque $110
Note the BP Balance is correct ($110) but the Outstanding amount to pay is incorrect ($60)? It should both be ($110)
Message was edited by:
I am not sure why you chose to do this via Negative Incoming Payment.
The Correct way to do this would be to cancel the deposit. This would reverse the Deposit transaction.
You may cancel the Incoming Payment too if you are not going to re-present the check to the Bank (I mean re deposit the same check). If you do this then the Incoming Payment is Cancelled and the Invoice will be visible in the Incoming Payment window to accept a new payment.
Let me know if you have questions