Supplier refund

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Sometimes supplier will refund you the money in access of the amount that you had paid.
For example you paid insurance policy in the earlier month and now the insurance company (your supplier) made a payment back to you.

Solution :

Step 1: At A/c Entry, click [Customers' Debit Journal].
Step 2: Select the Customer id for the insurance company
           (treat it as a customer, where you receive payment, create an account if it is not available)

Step 3: Credit the insurance expense account and any GST if any (else set the tax code to [OS] )

Step 4 : Go to receipt and record the bank in and offset against this Debit note





When you receive a cheque of this amount, go to Receipt to offset this Debit Note.



Related Topics

Refund to customer


Print a Customer Debit Note





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