Assuming you have scenario where there is over payment to your vendor or supplier, but you don't have any open invoice due to this vendor, you can simply enter a Return transaction using Payable Transaction Entry screen. Path: Transaction > Purchasing > Transaction Entry > Select "Return" from Document Type. 1. Assuming there is a refund of $100 from the supplier, enter the refund details as per screenshot attached. 2. Enter the refund amount to "Returns" and also "Check" field. 3. The check entry screen will pop out to record the cash receipt details. 4. Take note of the Distribution entry, DR Bank and CR Purchase. 5. After the Return is posted, the document status will be "HIST". No apply require. 6. This will also create a Bank Deposit to be deposited. (Transaction > Financial > Bank Deposits)
Act as Microsoft Dynamics GP Consultant nearly 10 years now, based in Malaysia. Following an early career as statutory auditors and independent accountants to a range of growing businesses in the finance industry, later moved into the area of IT in business with the expansion of technology. Offering implementation, support and training Microsoft Dynamics GP to customers for more than 10 projects across ASEAN region. Now we are offering Dynamics 365 Business Central implementation too.