Select the original bank account from the drop down list into which the original funds were lodged (bottom right hand corner of entry screen). It is important that you ensure you are working from the correct bank account at the start.
This is the original lodgement slip number or the bank statement reference in the case of Direct Debits/Standing Orders of the transaction you are "reversing". You should also add an extra "bounced" or "void" to the end of the reference.
Date of original lodgement as recorded on the lodgement slip or in the case of credit transfers the date of lodgement into the bank account.
If a Customer is selected from the Customer listing the Nominal account will default to Trade Debtors, this cannot be changed. If it is a Payer receipt that you are reversing then choose the exact same Nominal Account as the original transaction.
In the case of reversing a Payer receipt then choose the same VAT rate that was attached to the original receipt.
The VAT element will flow through to the VAT report to be included within the Normal VAT Report for the period.
Need help? Support is available at 01 8352074 or email@example.com.