Sage Accounts?

Question

I am using sage line 50 version 10 and have tried using the nominal reversal for a posting that went into the wrong bank when i tried reconciling the bank statement it shows the reversal amount as being added onto the Current Bank Account rather than being taken off! can someone please tell me what i am doing wrong and how to get this extra amount off my current bank account. If I journal it off do I have to debit the current account of that amount? its getting out of hand now as I have gone in and tried to reverse it several times but its just adding up and not taking off the bank rec in sage. When working on sage line 50 i havent had a problme at all. I need to finish reconciling the bank but seem to be making matters worse each time I try and sort it out.......... serious help needed please!

Thank you

Answer 1

You have two options... first one - if the amount is showing as a credit ie £100 going into the bank, and £100 being deducted from your National Insurance, you would do a journal to debit the bank for £100, and credit the nominal code relating to your National Insurance. If you've posted it incorrectly twice, just double up the amounts onyour reversing journal. Second option - go to "file", "Maintenance", "corrections" - find the offending transactions - delete them and start again!