Hoe to refund prepayment amount

Answer Posted / narayana.chinni

Hi All,

Prepayment refund can be done in the below way

Prepayment: 300000
Invoice: 150000
Refund :150000

Create prepayment of 300000 and apply inoive 150000 to the prepayment

Then the remaining 150000 amount should be refunded, so create a invoice for 15000 by giving refund account in thr disdtribution level and then create Credit memo worth 150000.

Apply credit memo to the invoice, pay both invoice and credit memo. Thus prepayment refund id done

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