Summary
Resolution
How this works
You can use other payments to record money deposited into your bank account, not meant for paying purchase invoices.
Edit the payment and make the required changes. The relevant bank balance updates if you change the bank account or amount.
NOTE: You can't edit other payments included on a submitted VAT return. Instead, you must reverse the transaction, and enter the other payment again.
Edit the most recent transactions. Identify this by the recurring symbol .
- From Banking, open the bank account used for the original payment.
- From the Activity tab, open the most recent transaction.
- Edit the payment and select Save.
The system generates a payment with the updated details on the next repeat date, while previous recurring payments remain unchanged.
Reverse an other payment
Do this when the payment shows on a VAT return and submitted to HMRC.
To make the necessary adjustments:
- Create a refund to reverse the original payment. This creates an opposite transaction
- Re-enter the transaction with the correct details, if required
Once saved, the refund shows on your next VAT return, reversing the original payment.
Follow an example
Create the refund
- From Banking, choose the relevant bank account.
- Select New, then Sale / Receipt.
- Choose the Other Receipt tab, then the Enter a refund for a purchase link.
- Enter the details of the transaction you want to reverse.
- Select Save.