Remove supplier recover payment from BACS/ABA & Cheques Run
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 RunÂ
1. Receipt supplier refund From Import Receipts from Bank Statement:
|
2. Repay the receipted funds From the supplier company record:
Repaying the receipted funds creates an opposite entry in the BACS/ABA and Cheques Run to the recover payment entry |
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:
|
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
Related articles
Â