refund of credit note from supplier

252458 · March 2021

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

Acctd4 · March 2021

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 :)

GerryWinter · March 2021

Was the refund cash or a form of credit?

Comments