Hi, purchased an item for which I paid a deposit then the balance on delivery.
Cost £1250.00, deposit £250.00 paid by credit card, remaining amount £1000.00.
I was away when the goods where delivered and the full amount £1250.00 was paid by bacs.
The supplier very promptly paid the £250.00 overpayment by cheque.
How do I enter this in to Solar Accounts
Hello KP,
Step 1: To record the deposit, create a Purchase Credit Note for £250 with the Account set to 'Cheque Account' and the VAT Treatment set to 'Out of Scope'.
Step 2: Record the £1250 payment as normal.
Step 3: Then record a Money Received transaction with the Type field set to 'Supplier Refund' and select the credit note you created in step 1.
Regards
