Credit for unpaid invoice

Question

Hi all,&nbsp;I am a new bookkeeper, our company had an invoice of $35,000.00 for October, the invoice has not been paid but it was recorded in MYOB in Oct. The BAS for Oct has been lodged and this week I received a credit of $100,000.00 from the supplier.&nbsp;I created a new invoice (same invoice number) with a new invoice date (which is the date I received this credit) with a negative $100,000.00 in MYOB to against the original invoice.My question is the way I did above is correct?&nbsp;&nbsp;Thanks.&nbsp;

steven_m · Accepted Answer

Hi&nbsp;KrisH&nbsp;
&nbsp;
Seems like a pretty solid process to me.&nbsp;I would just make sure that the negative transaction is dated in the appropriate period as this is the date it will be reported on for BAS and other reports.

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