Supplier Purchase Amount Returned
Hi,
We ordered a prepaid item from a supplier which we paid. The arrival date for the item kept changing, so we cancelled the order. We paid and reconciled the original invoice which was over a month ago. We then requested a refund which has just been given.
What is the best way to action this?
Thank you.
Hi powerette
Ok so now that the reversal is in the Returns & Debits tab, highlight it and click on Receive Refund:
The Settle Returns & Debits window opens, make sure the bank account is correct and change the date to the date the refund was deposited into your bank account. Click on Record:
If you use bank feeds, go to Bank Feeds window and you'll have that refund transaction to match with the bank feed transaction:
Please let me know how you go with this.
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