Correct expenses claimed in error

If you find you need to reimburse claimed expenses that:

• have been recorded as outgoings.

• as a purchase.

• from a company account.

• and it has already been marked as Paid in IRIS KashFlow.

Take the following steps to make sure that the bank account reconciles.

1. Create a purchase invoice for a negative amount (a credit note) for the total amount that you have claimed in error.
2. Pay the company back the money which you have claimed.
3. Mark the invoice as paid to the account that you've paid, on the date the payment was received into your bank.

The payment should be a minus figure because it is a negative expense, this will show as money in, in the bank area.