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Supplier Credit

Sage 50 general help forum - Free help and support for all general issues
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Annie
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Joined: 21 Aug 2008, 11:12

Supplier Credit

Post by Annie » 21 Aug 2008, 11:21

We were recently given a credit note by one of our suppliers as compensation for a problem we had with them. The credit note was entered onto their supplier account as we assumed this would be used up with future invoices. We since received a cheque for the credit amount and this was posted onto the bank as a bank receipt and subsequently the bank reconciled.

We still have the credit amount on the supplier account – any ideas on how we get rid of this without affecting the bank account?

Using Sage Line50

Many thanks

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brucedenney
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Posts: 4664
Joined: 28 Feb 2006, 09:56
Sage Version: v30 UK/Europe/Africa

Post by brucedenney » 23 Sep 2008, 18:13

The latest versions have a new transaction to do this in one go.

With older versions, you have to raise a dummy invoice to 9999
make a bank receipt to 9999 and then match off the invoice and the credit not on the supplier account.
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