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Late Fees Payment

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(Querist)
20 November 2017 Is there any provision to change of head from interest to late fees after the payment by mistake. Please clarify regarding this.
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Amitav

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Amitav (Expert)
21 November 2017 Where do you want to change ? in any ERP software ? You can modify the entry before posting . Also you can pass the reversal entry and pass the correct entry. Journal voucher also can be used to rectify.
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RAJA P M

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RAJA P M (Expert)
21 November 2017 No way... We can't adjust Cash payments to any other heads. If you paid wrongly to interest head you can claim it as refund. But, you ll pay again under "Late Fee" then only you can offset the liabilities in return...
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poorna chandra kj

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poorna chandra kj (Querist)
21 November 2017 Sir how to claim refund
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RAJA P M

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RAJA P M (Expert)
21 November 2017 Wait on further availability of the Refund process. It's not available now...
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