refund of credit note from supplier

252458252458 Member Posts: 1

I have received a refund  from a supplier re goods returned for credit. how do I process this through reckon?


  • Acctd4Acctd4 Accredited Partner Posts: 981 ✭✭✭
    • Enter a Bill Credit (with the same Account/Items & Tax Codes as the Bill that's being refunded)
    • Enter the Refund as a Deposit: - Received From [the applicable Supplier], From Account [Accounts Payable] (This puts it into your "Pay Bills" list to offset the previously-entered Bill Credit against)
    • In the Bank Account Register, locate this refund deposit & add/select the applicable Supplier's Name in the Payee field (It's a long-term glitch that the name drops out on stand-alone Deposits but if you don't manually add it back in, the transaction won't show in the Supplier's transaction list!)
    • Go into Pay Bills & select/enter the applicable Refund date as the Payment Date
    • Tick the Deposit, click on Set Credits & offset as per prompts
    • If you go to your Supplier in the Supplier Centre, you should now see both the Bill Credit & Refund (Deposit) in their transactions list :) 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

  • Gerry WinterGerry Winter Accredited Partner Posts: 498 ✭✭✭

    Was the refund cash or a form of credit?

    Gerry 0418907140

    [email protected]

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