Re.: 'reversal' supplier pre-payment.
Hi, I posted a prepayment to a supplier account in October to deal with an error. Corrected it in December so I now need to 'reverse' or refund this PP, but in December - how do I do this?
Thanks.
Hi Anouskja,
The simplest way to reverse the supplier prepayment is to create an invoice
for zero pounds, then allocate the prepayment to the invoice. The invoice
will then be marked as 'overpaid' and will behave exactly like a credit
note. To record the correcting transaction right-click on the 'overpaid
invoice' and record a refund payment.
