Current location - Recipe Complete Network - Catering industry - The payment received has been credited to the account, but later the other party said that an invoice was not needed. How should I make an entry?
The payment received has been credited to the account, but later the other party said that an invoice was not needed. How should I make an entry?
The company received the money first, and then the other party said that it didn't need an invoice. Simply put, the company's income is not invoiced, so there is no need to pay taxes (the company likes it best if it doesn't pay taxes). If you don't invoice, it can't be used as income and can be linked to other payables.

Debit: bank deposit

Credit: other payables