Refund on invoice that occurred pre open accounting period

JuneK

I’ve just started using Crunch… It’s great, however I need to make a refund against an expense that was incurred prior to the open accounting period (i.e. in the previous financial year, which I haven’t loaded). Any suggestions as to how I get around this please?

AlexandraMoore

Thanks for your patience while we discussed the best option for you.

In this scenario, we’d recommend recording this as “Interest Received”. You can do this simply by navigating to ‘Banking > Interest received’ and selecting ‘+ New interest received’.

Enter the details of the refund, and be sure to leave a clear note in the ‘Reference’ field that this is in fact a Refund for a previous accounting period expense - Alexandra

JuneK

Many thanks, Alexandra. I’ll give it a go!

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