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How to perform cash receipts against prepayment

  • November 19, 2021
  • 2 replies
  • 58 views
D
Varsity I
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Hi, 

I have created prepayments through Check and Payment form for a vendor. The vendor has returned the payment through a cash due to inability to fulfill the demand. How can I settle prepayment receivable invoice with this cash receipt ?

Best answer by vkumar

Hi @dsenevirathne54 

You can create a vendor refund transaction on ‘Checks and Payments’ screen to receive payment from vendor against the Prepayment. Select required Prepayment on ‘Documents to apply’ tab.  Here is relevant screenshot :

Hope this helps,

Regards,

    2 replies

    V
    Acumatica Employee
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    • vkumar
    • Acumatica Support Team
    • Answer
    • November 19, 2021

    Hi @dsenevirathne54 

    You can create a vendor refund transaction on ‘Checks and Payments’ screen to receive payment from vendor against the Prepayment. Select required Prepayment on ‘Documents to apply’ tab.  Here is relevant screenshot :

    Hope this helps,

    Regards,

    VijayKumarU
    Chris Hackett
    D
    Varsity I
    Forum|alt.badge.img

    Hi @vkumar ,

    Highly appreciate your support. Thank you.

     

    Regards,

    Dulanjana

    V
    Chris Hackett
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