My receivables reconciliation is out of balance by: -$1299.00, I have found the source is the refund cheque for Hayley Bronson. Does this mean i have entered this wrong?, Please help me on how i can fix this.
6 years, 8 months agoChandrika
$1299, could be either contra entry or Sales return.
Sales Return: Ensure you have processed “Settle Returns and Credits” , You may refer to Accrual user manual page 116 and 117 for a similar exercise.
Contra Entry: Refer page 114 for further assistance.