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Evo-ERP and DBA Classic >> Accounting >> Applying credits
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Message started by deburr on 05/08/06 at 12:29:35

Title: Applying credits
Post by deburr on 05/08/06 at 12:29:35

Situation:
Use credit card (cash account) to pay credit card purchases. Credit card vendor issues rebates as a general credit on account. I enter credit memo in accounts payable to the credit card vendor. Select all vouchers and the credit memo to be paid. Credit memo selection for payment warns, "amount of credits larger than amount to be paid and this is only true if a deposit is made that day". This is true. How do we record the deposit? There is no way to do this in the accounts payable module. Do we just do a journal entry?

Thanks,

Steve

Title: Re: Applying credits
Post by deburr on 05/11/06 at 06:56:17

Found the answer in an old e-mail from Lynn:

Unfortunately, there really is no good way to issue a negative "check" for a
vendor credit. Another thing on my ever growing list. Use AP-B and enter a
voucher and use GL-B and enter a Cash Receipt to the credit card account
posting the other side to the same account used for the AP Voucher. Then
cut a $0 check using the voucher and credit to clean up the aging.

Lynn Pantic
IS Tech Support
Solutions and Support for DBA Manufacturing
www.istechsupport.com

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