Versions Compared

Old Version 10

changes.mady.by.user Kirsty Halkett

Saved on

compared with

New Version 11

changes.mady.by.user Fiona Hardy

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Info

This guide has been reviewed against our global client base and classed as relevant to the following regions: UK, APAC

This page explains how to remove a supplier recover payment from the BACS/ABA and Cheques Run in the event a supplier has paid the funds back to the client account. 

Info

This guide has been reviewed against our global client base and classed as relevant to the following regions: UK, APAC


1. Receipt supplier refund 

From Import Receipts from Bank Statement:

  • Highlight supplier receipt

  • Select Company button (bottom of screen)

  • Select the supplier who the receipt is from

  • Click Post

    The receipt will now need to be reconciled in Bank Reconciliation


2. Repay the receipted funds

From the supplier company record:

  • Right-click Payments and select Repay Outstanding Funds

  • Enter the amount to repay

  • Click Accept 

    Repaying the receipted funds creates an opposite entry in the BACS/ABA and
Cheque
  • Cheques Run to the recover payment entry 

3. Clear the unneeded recover payment 

The recover payment and the repaid outstanding funds are recognised by RPS as a zero payment

From the BACS/ABA and Cheque Cheques Run:

  • Right-click the payment line

  • Select Clear zero payment

    Both entries will be removed from the BACS/ABA and
Cheque
  • 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
.



Filter by label (Content by label)
showLabelsfalse
max5
spacescom.atlassian.confluence.content.render.xhtml.model.resource.identifiers.SpaceResourceIdentifier@a45
showSpacefalse
sortmodified
reversetrue
typepage
cqllabel = in ( "clientaccts" , "trustaccts" ) and type = "page" and space = "RW"
labelsclientaccts

Page Properties
hiddentrue


Related issues