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Post Info TOPIC: Supplier Payment Returned By Bank
lazzer


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Posts: 2
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Supplier Payment Returned By Bank
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Hi, can anyone kindly help? Got a mental block.

I paid a Supplier Invoice but they had closed their bank account and re-opened a new one.

So, our bank credited us back with the amount.

I created a 'Supplier Refund' on SAGE so as to do the Bank Rec that month.

I now have a 'Purchase Receipt' entry on the Supplier's Account.

I need to re-pay the amount back still.

Wasn't sure what I was to do with this 'PR' and whether I needed to reinstate and pay down the original supplier invoice?

What happens with the original 'Purchase Payment'?

Just got a bit lost with it all!!

Many thanks.

 

 



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Sharon Eyre


Senior Member

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Posts: 423
Date:
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It should allow you to make a payment and allocate it to the purchase receipt in the supplier account if the returned payment was processed correctly

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Regards

Sharon
lazzer


Newbie

Status: Offline
Posts: 2
Date:
Permalink Closed

Hi Sharon

Many thanks for your reply.

Yes, the payment is there in the Supplier Payments box, ready to be paid down again, so I'm assuming I actioned the return payment correctly.

I just thought there was perhaps something I hadn't done.

Much appreciated.

 



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