Topic Options
#29386 - 10/20/11 08:04 AM CREDIT IN PAYABLES
Cumberland1 Offline
New Guy

Registered: 04/15/10
Posts: 9
Loc: Canada
I inputed a credit in payables for a refund for GST. Now that I have received the chq I don't know how to clear the payables credit for my GST vendor. I showed the chq as a misc cashed received but of course it did not clear the payable credit.

Top
#29388 - 10/20/11 08:56 AM Re: CREDIT IN PAYABLES [Re: Cumberland1]
Steve Schwartz Offline
Adagio God

Registered: 03/10/02
Posts: 4533
Loc: Wynnewood, PA
Assuming you didn't apply the credit against any invoices, enter a Payables adjustment against the credit. When you get to the part where it asks for a GL account, use the same account you used when you entered the miscellaneous cash receipt.

If you applied the credit again an invoice, then enter a debit note instead and select the invoice to which the credit was applied.

Steve

Top


Moderator:  Christa_Meissner 
Who's Online
1 registered (1 invisible), 68 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
1865 Members
5 Forums
14522 Topics
70907 Posts

Max Online: 432 @ 01/20/25 10:17 PM
August
Su M Tu W Th F Sa
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31