reverse A/P prepayment

[johnhugh]

Hello,

In Accpac 5.6, how does one reverse an AP prepayment?

There is no reverse payments option anymore and reverse transactions under bank services does not let me select the prepayment I want to reverse.

 

[Jay Converse]

Use the Void check button.

 

[johnhugh]

hi tuba.
I tried that but that button is not active. I guess because bank rec has been posted?

 

[Jay Converse]

You cleared the prepayment already?

 

[johnhugh]

I don't see it in my bank rec and it's a prepayment from July so it must have been cleared.

 

[Jay Converse]

Once its cleared you can't reverse it.

 

[johnhugh]

Thanks. Not what I was hoping to hear though.
Can I do an adjustment on it to set it to zero?

 

[Jay Converse]

Yes

 

[johnhugh]

Thank you.

 

[johnhugh]

Sorry to open this thread up again but I've just learned that it is actually a refund from the vendor that needs to be processed.
So I have a prepayment and have now received a refund which I need to show in the bank as well.

There is no refund option in A/P and I can't do an A/R receipt for a vendor.
Could anyone advise how to process that refund please?

 

[Jay Converse]

With an adjustment or a credit note.

 

[ettienne]

Misc receipt in AR against a GL account, adj in AP against the same GL account.

 

[johnhugh]

thank you.