Enter a payment on a contra account and reverse invoices

If you journalise a non-payment in the bank journal, you must also make an entry in the contra account. You then reverse the payments.

You first reverse the second journal entry in the bank journal, of course only for the total amount of the payments not made:

Account

Debit

Credit

Bank

amount paid

 

To Payments suspense account

 

amount paid

Then you reverse the unpaid invoices. As a result the following journal entry is made per invoice:

Account

Debit

Credit

Payments suspense account

amount paid

 

To Creditor

 

amount paid

To enter a payment on a contra account and reverse invoices:

  1. Go to: Financial / Enter / Journal.
  2. Check Financial year and Period. These are the financial year and the period to which you post the entry.
  3. Select the journal.
  4. Click on: Finish.
  5. Enter the date from the statement line as Date entry.
  6. Select the Payments in transit suspense account.
  7. Enter the payment amount (total amount of the unpaid invoices) in the Receipts  column.
  8. Click on: Finish.
  9. Follow the procedure for reversing the invoices concerned.

Directly to

  1. Automatic payments
  2. Configure automatic payments
  3. Add a new payment order
  4. View and change a payment order
  5. Make invoices payable or exclude them from payment
  6. Print a payment proposal
  7. Delete a payment order
  8. Process a payment file
  9. Collection and refund/payment order via the queue
  10. Print a payment specification
  11. Send a payment order to the bank
  12. Reverse an invoice or payment order
  13. Enter a payment in the bank journal
  14. Enter a payment on a contra account and reverse invoices (after entering the payment)
  15. Automatic refunds of credit notes to debtors
  16. Make automatic international payments
  17. Make automatic payments using a payment order set
  18. Make automatic payments via a bank link (AFAS Online)
  19. Make automatic payments (Netherlands Antilles)