49.3.2 Vendor Refunds

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Notice that the Customer, Name, and Balance fields are left blank. This is because you are entering this transaction to one of your vendors not a customer. The Reference field becomes more important to you with this type of an entry. All miscellaneous, non-customer related, cash receipts should be handled in this manner.

Ledger/Journal:

In this case we are entering the distribution directly to the purchases journal. The ledger code pj refers to the purchases journal.

Invoice/Account:

Making an entry to the purchases journal requires an entry to a voucher. In this example v8305-3918 is the voucher that recorded your initial purchase of the goods returned.

Amount:

Enter the amount of the cash receipt.

Store the transaction and the screen is refreshed for your next entry.