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Debit revenue, credit employee expense claims, journal entry: adjustment for test purchases made. Pretty standard, doesn't affect your numbers at all, no need t
by imperfect_blue 4y ago
Debit revenue, credit employee expense claims, journal entry: adjustment for test purchases made. Pretty standard, doesn't affect your numbers at all, no need to make any note in your statement (which you wouldn't have to do anyway because it'll never meet the threshold for materiality). Its not some sort of difficult accounting problem.
- ansible 4y agoYes, exactly. I would think that reversing charges raises a flag with whatever payment processor or bank that sees it.
- imperfect_blue 4y agoThere's no need to reverse it even, just go through your standard expense claims procedure or product refund procedure.