powerette
3 months agoExperienced Cover User
Supplier Invoice Unpaid Instalment
Hi, We have business insurance and the yearly amount is put in as a Supplier Invoice and the monthly payments are deducted from this Invoice. One of these payments was missed due to insufficient ...
- 2 months ago
Hi powerette,
As a general rule of thumb, the way you record your transaction should match how the transaction happened in real life. In this case, you may need to reverse the previous payment and create a new one to match the payment that went through without issues. However, it might be best to consult an accountant to see how it’s best recorded.
In the meantime, feel free to create a new thread if you need any other help.
Thanks,
Genreve