How do I record a refund of the excess payment I made to a vendor?

Refund of the excess payment received from a vendor in your business can be recorded from the Vendors or Banking module.

1. To record it from the Vendors module:

• Go to the Purchases module on the left sidebar and click Vendors.
• Select the vendor against whom you wish to record the refund.

• Click the Unused Credits in the Overview tab.

  

• In the pop-up that opens, click the Excess Payment to view the payment made.

  

• Click the More icon and select Refund.

  

• Enter the required details in the refund page, and click Save to record the refund.

2. To record it from the Banking module:

• Go to the Banking module on the left sidebar and select the bank.

• Click Add Transaction in the top right side and select Vendor Payment Refund under Money In.

  

• Select the vendor and add other necessary details.

• Click Save to record the refund.