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This guide has been reviewed against our global client base and classed as relevant to all regions |
In the event a supplier has paid the funds back to the client account, this page explains the process involved to remove a supplier recover payment from the BACS/ABA and Cheques Run
1. Receipt supplier refund From Import Receipts from Bank Statement:
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2. Repay the receipted funds From the supplier company record:
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Repaying the receipted |
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funds creates an opposite entry in the BACS/ABA and Cheques Run to the recover payment entry |
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3. Clear the unneeded recover payment The recover payment and the repaid outstanding funds are recognised as a zero payment From the BACS/ABA and Cheques Run:
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Both entries will be removed from the BACS/ABA and Cheques Run - no funds will be attempted to be recovered from future supplier invoices and no payment to the supplier from the Repay Outstanding Funds will be made |
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In the event a supplier has paid the funds back to the client account, this page explains the process involved to remove a supplier recover payment from the BACS/ABA and Cheques Run |