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Vendor payment correction
Posted: Wed Jan 24, 2018 1:40 pm
by Sheryl Williams
A vendor that is a non-employee checks was processed with the wrong amount which is causing their 1099 to report the incorrect amount The checks was processed as a manual check to record as a direct deposit. Can I void the checks and reissue without it messing up the accounting fund and bank reconciliations.
Sheryl
Re: Vendor payment correction
Posted: Wed Jan 24, 2018 7:15 pm
by NeilZ
Sheryl Williams wrote:A vendor that is a non-employee checks was processed with the wrong amount which is causing their 1099 to report the incorrect amount The checks was processed as a manual check to record as a direct deposit. Can I void the checks and reissue without it messing up the accounting fund and bank reconciliations.
Sheryl
If the amount is the same, then sure. The only thing it will eventually affect is the 1099-MISC data.
Just use the same date and post it in the same month.
Re: Vendor payment correction
Posted: Thu Jan 25, 2018 10:29 am
by Sheryl Williams
Thank you