In the field of financial management, it is essential to have clear and precise information to avoid unnecessary complications. From an accountant in Palma de Mallorca, we understand the importance of knowing the correct process for returning receipts without errors. In this article, we will provide you with a practical guide that will help you manage this task effectively and efficiently, as well as give you key tips so that you are well informed about the consequences and processes involved.

Hiring the services of Accountants in Palma de Mallorca can be an excellent decision for those looking to minimize setbacks related to the return of receipts. With an expert team that knows the intricacies of legislation and local regulations, you can be sure that you will not face unpleasant surprises in the future. Thus, you can concentrate on your professional activities while we take care of the administrative part.

How to Return a Bank Receipt?

To proceed with the return of a receipt, you simply need to log in to the mobile app or the customer area of your bank’s website. Generally, when a charge is processed, there is an option that says “return receipt.” You can also choose to contact the bank directly, explaining your situation and requesting the cancellation of the charge through the return of the receipt. However, there are exceptions that are important to consider, as there will be receipts that you cannot perform this action on, and in those cases, the best alternative will be to communicate with your financial entity, either by phone or in person, to clarify the situation.

Types of Receipts That Can Be Returned

Generally, most receipts can be returned, even those that have been previously authorized. An example of this is the charge for the self-employed quota. If you access your bank, you will see that there is usually a notification indicating the authorized receipt to be charged on a specific date. This authorization can be revoked, allowing you to return the receipt at the time of the charge.

What Receipts Cannot Be Returned?

Although most receipts can be returned, there are exceptions. For example, in the case of a loan granted by the same banking entity to open a business, the return will only be possible if the charged amount is incorrect and this is documented. Under any other circumstances, the return will not be carried out.

Procedure to Return a Receipt

Now that you have a clearer vision of how the return of receipts works, here are some steps you should follow, as well as the time you have to carry out this procedure, which may vary:

• Access the mobile app of your bank or your client area on the web. Once you locate the receipt you wish to return, you should find an option that indicates “return receipt,” on which you should click.
• Call your banking entity directly. This is a quick way to perform the return of a receipt, also allowing you to justify the reasons that led you to make this decision.
• Go to the bank. Although this alternative is available, you may have to wait in line, which can be uncomfortable if your time is limited and you risk missing the return deadline.

Return Periods

Regarding the deadlines for returns, if the receipt you want to return was authorized, you have fifty days to carry out this management. In the case of unauthorized receipts, the period extends to one year and one month. Once the return is requested, you will receive the amount within a maximum of 10 business days.

Consequences of Returning a Receipt

Generally, there should be no problem in returning a receipt if the charge was made by mistake or if the charged amount was not correct. However, if this is not the case, you must be prepared to face some possible consequences:

• Penalties: If you decide to return a receipt of the Social Security quota without valid justification, you could face penalties for non-compliance with obligations, in addition to losing benefits such as the flat rate for new self-employed.
• Cut-off of supplies: Returning a receipt related to the electricity supply of a premises you use as a professional could result in a cut-off of the service, directly affecting your activity.
• Non-payment lawsuit: You could receive a lawsuit for non-payment if the reasons that justified the return of the receipt are not justified.
• Inclusion in lists of defaulters: This is another possible repercussion of returning a receipt without justification, which could harm your professional image and make it difficult to access credits in the future.

As you can see, returning a receipt can have consequences if there is no valid justification for it. However, in general, it should not represent any inconvenience if it involves an erroneous charge or an incorrect amount.