How do we apply a payment, using payments and applications, for something that is not invoiced or does not require an invoice. For example, we may get a government tax refund and need to apply the check we receive. How do do so using payments and applications?
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Hi
For a refund from the government, are they set up as a vendor or customer? From what you have described, they should be a vendor.
You would need to create a Debit Adjustment for the amount you are receiving:
Then you would create a Vendor Refund for that Debit Adj.:
You need to have the Bill Type to have a refund.
What about the AR side to receive the funds?
What about the AR side to receive the funds?
HI
Are you saying a Customer Refund to the government?
No...I meant to receive the funds into your bank, but I see now the Vendor Refund transactions is recorded in bank reconciliations and account details. Not like the customer refund where you have to extend the customer to vendor and pay. I thought I would have to extend vendor to customer and deposit the payment.
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