Brain fade moment. How did we do Vendor refunds? S...
# generalm
Mika Hakkinen
11/29/2023, 5:33 PMBrain fade moment. How did we do Vendor refunds? SO we purchase something, paid for it, money gone out of our bank account. But the item is no good, we have returned it back to supplier and but instead of giving us a credit (vendor credit), we have got the money back in our account. How do we record this?
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Tim Chapman
11/29/2023, 5:36 PMCan you create a Vendor Return Authorization?
Tim Chapman
11/29/2023, 5:38 PMYou can generate the bill credit from the VRMA
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Mika Hakkinen
11/29/2023, 5:38 PMYes but that only generates a vendor credit?
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Tim Chapman
11/29/2023, 5:39 PMI see, you didn't get a credit but a refund. Nevermind.
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Edgar Valdes
11/29/2023, 5:44 PMMaybe?
Transactions > Bank > Make Deposit Other Deposits Tab
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Karina
11/29/2023, 6:15 PMYou cannot really record it to have a separate record per se. What you should do is to record it via bank recon. You will have VB, VC, Payment issued and Payment (Refund) Received all in one transaction zeroing everything out.
Karina
11/29/2023, 6:15 PMyou could create a custom record for this refund tying it to VC
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Mika Hakkinen
11/30/2023, 3:28 PM@Marc Perfect, thanks!
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