Refund from Supplier
05/26/2014
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0:03:58
Learn how to record a refund from supplier and match off the negative balance in the supplier's accounts
Refund from Supplier
Created: 05/26/2014
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Sample of supplier account showing negative balance
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Supplier issue a cheque to refund the excess
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At Accounts Entry, select Supplier's Debit Journal
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At COA, Debit the bank and the amount
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Go to A/c Entry, click payment
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Select contra fast code instead of the bank fast code
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Select the DN and CN to cancel the amount away
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Return to supplier aging to view the report again