Prepared transaction for 1000$, Received receipt from
customer For 1000$, Transaction and receipt closed. customer
returned 200$ worth goods, He wants refund for 200$. how can
you achieve this.
Answers were Sorted based on User's Feedback
Answer / santosh
HI
1. -200$ worth of good you need to do sales return.
2. so One Credit Memo will generate in AR worth of -200$
3. Go for refund from Credit memo itself(Actions:Application:Select apply to "Refund") and follow the same refund process
Setup Required:
1. Define Receivable activity with "Refund"
2. Define the Approval Limit to user for the refund activity.
Regards
Santosh
Is This Answer Correct ? | 15 Yes | 0 No |
Answer / nagarjuna
Define receivable activity for Refund
Define memo line for on-account credit memo
Prepare on account credit memo against customer in
transactions window.
from transactions window apply refund (Actions -->
Applications --> refund attributes --> provide payment method)
One invoice will be generated in payables
create payment against invoice.
Is This Answer Correct ? | 2 Yes | 3 No |
what is factor to be consider for finalisation of chart of account
what is soft close and hot close periods in assets?
In Multi Org can you tell what is SHORT ENTITY ?
What is the report used to identify duplicate suppliers?
why we need to run "Payables accounting process" for interest invoices? What are the accounting entries created?
Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. How can you perform these steps in AP?
7 Answers ASD Lab, Shriram, Sierra Atlantica, TCS, Technosoft,
What is WHT in Financial Module and What would be tbe acc entry for the same?
What is meant by RFQ?
Substitute receipts and Unordered Receipts
dear gurus i would like to know about Flex field qualifiers
What are the types of RFQ”S?
4. accounting entry at PO level with tax