Can we use Bills payable for Customer Refunds?
Posted: Thu Dec 30, 2010 4:53 pm
Hi,
The client issues checks for customers for product Warranty for 2 or 3 Years, after warranty completion the customers return the checks they called this process as Collaterals.
We can use refund functionality for both customers but unable to assign Bills Payable payment method by using Refund, because we need to give the maturity date of checks for 2 or 3 Years., By using other payment methods we can issue the checks for only open periods.
Either Bills payable payment method is possible by using Refund or not, Please confirm me and let me know if there is any workarounds.
Thanks in Advance,
Anjireddy.
The client issues checks for customers for product Warranty for 2 or 3 Years, after warranty completion the customers return the checks they called this process as Collaterals.
We can use refund functionality for both customers but unable to assign Bills Payable payment method by using Refund, because we need to give the maturity date of checks for 2 or 3 Years., By using other payment methods we can issue the checks for only open periods.
Either Bills payable payment method is possible by using Refund or not, Please confirm me and let me know if there is any workarounds.
Thanks in Advance,
Anjireddy.