ISTech Support Forum

ISTech Support Forum
http://www.istechforum.com/YaBB.pl
Evo-ERP and DBA Classic >> Accounting >> Refund from AP Vendor
http://www.istechforum.com/YaBB.pl?num=1373320724

Message started by InveCast on 07/08/13 at 14:58:44

Title: Refund from AP Vendor
Post by InveCast on 07/08/13 at 14:58:44

We have rec'd a refund from a vendor that is currently showing a negative balance. I need to enter the cash receipt, however I want to be sure that when I do so it clears the negative balance owing to this vendor. We are running DBA Version 2004.1. Is anyone familiar with this type of situation?

Thank you,

Judy Riley
InveCast Corporation

Title: Re: Refund from AP Vendor
Post by David Waldmann on 07/09/13 at 12:23:08

You need to enter two transactions.

First you need to enter an A/P Voucher to the Vendor. It doesn't matter what GL account you choose (see the next step). Then pick both the credit memo and voucher and print a check (it will be $0.00) to get them off the books.

Now your Vendor account and aging are correct but you still don't have the money and you have a rogue entry in your GL.

So now you enter a Type CR G/L Journal Trans using the Bank Account that your are depositing it to. Enter two lines - one for your bank account and and one for the account you chose in step 1.

There may be more elegant ways, but that's how I do it and it works.

Title: Re: Refund from AP Vendor
Post by InveCast on 07/10/13 at 07:49:03

Thank you!

Judy