AP Prepayment Cancellation
Summary
Prepayment Cancel and Cancellation FeesContent
Hi,
We have the following scenario:
AP Prepayment Invoice - $ 100
Payment Made- $ 75
Unpaid Amount : $ 25
The service is now cancelled and the Vendor refunds us $ 60 and charges cancellation fee of $ 15
How do we handle the accounting and transactions for the above? The challenge is since the Prepayment Invoice is not Fully Paid, we are unable to Apply anything against this.
Thanks in advance!
Thomas
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