Supplier paid with personal credit card by mistake

Question

I accidentally paid a supplier invoice with a personal credit card. I know how to credit myself for the mistake, but how do I get the amount owing to the supplier out of the payables ledger?

Richard S. Ridings · Answer

Charles Dent said: do a journal entry to credit my s/h loan account 
 I was hoping you would tell us which account you were going to debit. So let's call it the Debit account. 
 You can change the class options on your Shareholder account to Bank and either set up as a credit card and post the Payment to the vendor as a credit card payment (eg. Bought from vendor xxxxxx and paid by Shareholder) or just use the Shareholder account as a bank account so when you setup the payment, change the bank account to the Shareholder account. 
 But if you prefer to do the journal entry, after you post the journal entry, you need to credit the Debit account to remove the money from it. 
 Do this by using the Purchases data entry screen using the original vendor your paid with personal money. I would use the same date as the journal entry. 
 Enter the total dollar amount (including all taxes), on the first line of the invoice as a negative (a negative Purchase invoice line will Credit the account indicated on the line). Then enter the Debit Account number on the line. 
 Enter a description to let you know why you posted a negative invoice under that particular vendor. Check the journal entry before you post it (Report menu) to make sure you are crediting the proper account and debiting Accounts Payable. 
 Once you post, open the Payments module, select the vendor and you should see two invoices for the same dollar amount, one positive, one negative. Using the same date as the journal entry, set up the entry to pay one invoice against the other so that there is no journal entry and the total payment is Zero dollars.

Sage 50 Canada

Supplier paid with personal credit card by mistake

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