Problem: How to return previously processed outgoing bank payments?
Solution: Create a Bank Receipt document as shown.
1. To record payment, create Bank Receipt (Returned Bank Payment) document from "Generate" button of the original Bank Payment:
2. The original Bank Payment will be automatically reflected in the Original Payment field:
3. Then the system creates a booking record for the operation:
4. As Bank Payment is recorded, the Purchase Order is paid:
5. As Bank Payment is returned, the receipt will be reversed and the Purchase Order will show the balance as left to pay:
6. Then create a new Bank Payment to Supplier for corresponding Purchase Order if applicable to pay it again:
The Purchase Order is paid:
This process ensures that bank refunds are correctly processed in cases of returns of outgoing payments,
and that cash flows correctly reflect them for subsequent reconciliation with bank statements.
Thank you for being a FirstBIT customer!
# prepayment refund advance received from supplier