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How to apply Refund of Bill to a Vendor Prepayment?

edited Dec 22, 2022 9:00PM in Ask A Guru 3 comments

Hi All,


I have two transactions for the same vendor, one of the transactions have not been applied to any bills and the other transaction has been partially applied. The vendor has said they will issue us a payment refund for this balance since we both forgot to deduct the vendor prepayment amount on their bills. We have no open bill for this vendor. We want to be able to close this balance on the 1310 prepayment account, like I mention we will get a refund from the vendor but don’t know how to close the refund against the 1310 account balance.

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