How to Reverse a Returned Payload Invoice Payment with the Reverse Journal Entry function
Overview:
In this article, we will cover how to record a returned Invoice Payment received via Payload when the original payment was recorded in a closed accounting period. Please find the available resources below.
- Sometimes an invoice payment processed through Payload is later returned by the bank due to insufficient funds, or a closed account.
- To avoid disturbing previously recorded entries, BE Accounting provides the Reverse Journal Entry function. This allows the returned funds to be recorded in the Bank Register as a withdrawal. This method preserves the Invoice Payment and maintains accurate historical records.
Quick Reference:
Link to Full Step-by-Step Guide
