Hi,
How can i make a payment to customer as a security deposite in AR Module? please help us immediately.
PAYMENT MADE TO CUSTOMER IN AR MODULE
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- Posts: 19
- Joined: Thu Jun 19, 2008 5:54 am
- Location: India
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- Posts: 147
- Joined: Thu Sep 06, 2007 9:13 am
- Location: India
Hi,
For your requirement you should define , the same Customer as Supplier in AP.
1) Create Debit Note in AR on customer with distribution as " AR Refund Clearing" OR as "Security Deposit" & the amount as amt. of payment / refund.
2) Link this debit note with Customers Credit Balance available >>> Apply Dr. Note to on a/c receipt which is a Cr.Bal. in customer a/c.
(In case you have recd advance from customer & wants to refund it to customer).
3) Switch responsibility to AP & create a Standard Invoice in AP for supplier same as customer with amt. same as refund / payment to customer & use distribution as " AR Refund Clearing' .
4) Make payment of above Invoice from AP to your customer.
this will help u. and u can find other alternatives by searching options.
regards,
For your requirement you should define , the same Customer as Supplier in AP.
1) Create Debit Note in AR on customer with distribution as " AR Refund Clearing" OR as "Security Deposit" & the amount as amt. of payment / refund.
2) Link this debit note with Customers Credit Balance available >>> Apply Dr. Note to on a/c receipt which is a Cr.Bal. in customer a/c.
(In case you have recd advance from customer & wants to refund it to customer).
3) Switch responsibility to AP & create a Standard Invoice in AP for supplier same as customer with amt. same as refund / payment to customer & use distribution as " AR Refund Clearing' .
4) Make payment of above Invoice from AP to your customer.
this will help u. and u can find other alternatives by searching options.
regards,
-
- Posts: 19
- Joined: Thu Jun 19, 2008 5:54 am
- Location: India
-
- Posts: 147
- Joined: Thu Sep 06, 2007 9:13 am
- Location: India
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