Suppose I give him a Party of Rs.102/-. Supplier Invoice Value is Rs.100/-. So we refund to party Rs.2/-.
How it is entry in ERP?
How to entry refund
Hello.
Your question is not clear, so i don't know if this is the answer you're looking for.
You are mentioning Supplier, so i believe you made a Prepayment in the amount of Rs 102 and now you receive the invoice in the Rs 100 amount, so your supplier sends you Rs 2 to balance the account.
If this is the case, your Prepayment still shows an unnaplied amount of Rs 2 so you should enter a dummy invoice for this amount and apply the rest of the prepayment to it. For the refund, enter a Debit Or Credit Memo for Rs 2 and pay it. The system will automatically change the payment to Refund.
Octavio
Your question is not clear, so i don't know if this is the answer you're looking for.
You are mentioning Supplier, so i believe you made a Prepayment in the amount of Rs 102 and now you receive the invoice in the Rs 100 amount, so your supplier sends you Rs 2 to balance the account.
If this is the case, your Prepayment still shows an unnaplied amount of Rs 2 so you should enter a dummy invoice for this amount and apply the rest of the prepayment to it. For the refund, enter a Debit Or Credit Memo for Rs 2 and pay it. The system will automatically change the payment to Refund.
Octavio
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