A/P CREDIT THRU P/O

[berthajane]

NEWBIE HERE, HOW WOULD YOU RECORD A REFUND CHECK FROM A VENDOR. WE HAVE A CREDIT MEMO ON FILE AND I REQUESTED A REFUND CHECK. THIS CREDIT MEMO IS TIED TO A P/O. CAN I SET UP A TEMP A/R CUST AND JUST DO THE A/P - A/R CLEARING SELECTION. WOULD THIS PUT THE CREDIT ON THE A/R CUST AS A DEBIT? WHEN THE CHECK COMES IN APPLY THE CHECK TO THE TEMP CUST. OR WOULD I JUST DO A DEBIT MEMO IN A/P AND WIPE OUT THE CREDIT AND THEN JUST RECORD THE CHECK ON THE A/R MISC CUST. AND GL TO PURCHASE CLEARING HAVE I LOST ANYONE..... I KNOW I'M PROLLY MAKING SOMETHING OUT OF NOTHING. PLEASE HELP, I DON'T KNOW WHERE MY MIND IS TODAY.

 

[dfeller]

2 steps:

1. Adjust the C/M to a clearing G/L account.
2. Enter the check into your normal cash receipts deposit using CASH as the customer ID and put the lines tab to the G/L account in step 1.

Dawn
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[berthajane]

Thanks Dawn, Why didn't I think of that! I do refunds in A/R all the time, We just don't get very many refunds in A/P - I just wasn't thinking about using the same clearing account. Thanks alot!