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Posted by qblabyrinth on October 16, 2007, 9:34 am
Please log in for more thread options Thanks L that worked. I needed to know "Accounts Payable' in 'From
Account'. I am a newbie/novice/apprentice so I was a little wobbly on
this issue.
Thanks again!!!
Cheers, qbl
L wrote:
> >I have received a refund of the overpaid amount and now want to enter
> > it so this payment from the supplier shows against the original bill
> > and balances everything back to zero. At present my overpayment is
> > showing as a negative amount which is correct.
> >
> > Hope am making sense and my problem is cleear.
> >
> > Searched a site and only found overpayment by customers or overpaying
> > supplier with different problems.
> >
> > Cheers, qblabyrinth
> >
> I'm not sure what you mean by having the refund from the supplier 'show
> against the original bill'. When you made the overpayment, only the amount
> of the bill was applied - the rest stayed a vendor credit in A/P. So, when
> you deposit the vendor check, the check will offset the credit.
>
> From the 'make deposits' window, enter the check. Use the vendor name will
> in 'Received From' and 'Accounts Payable' in 'From Account'. Enter a memo to
> record that the refund is for the overpayment from the specific bill.
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