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Evo-ERP and DBA Classic >> Suggestions for Updates >> REFUND CHECK
http://www.istechforum.com/YaBB.pl?num=1436538207

Message started by EMI Ann on 07/10/15 at 07:23:27

Title: REFUND CHECK
Post by EMI Ann on 07/10/15 at 07:23:27

From time to time, we all receive a refund check from a vendor. The only real way of processing it is through AR enter vouchers, forcing you to create a customer file for a vendor. How about in Accounting, AR/B, adding a "Refund Check" to the choices for the type of transaction? Sure would be handy.
Thanks for considering it.
Ann Luce

Title: Re: REFUND CHECK
Post by Lynn_Pantic on 07/10/15 at 14:56:43

I agree, it is clumsy but AR Voucher is definitely not the way to do it. If you are receiving a check from a vendor, there must be a credit on their account in your AP Aging that the refund is paying off so you have to process through AP. You record the receipt of cash in GL-B as a cash receipt, debiting cash and posting the credit to any miscellaneous account. Then in AP-B enter a voucher posting the debit to the same expense account so they cancel out. Then use AP-F and pick the credit and voucher and process a $0 ePay.

We will look into a less clumsy approach.