Refunding a Purchase Payment on Account

Refunding a Purchase Payments on Account creates a Purchase Refund and uses-up the value of the Payment on Account.

Purchase Refunds can only be made into Bank Accounts of the same currency as the Payment on Account.

A Purchase Refunds creates new Ledger Entries. See the Purchase Refund for details.

Step-by-Step Process

1. From the Purchase Menu, select Payments on Accounts Sub-Menu, and then select the required Payment on Account.
2. Scroll down the page to the Make a Refund Section.
3. Enter the Amount to be refunded, the Date it will be paid and which Bank Account it will be paid from.
4. Optionally add a Reference.
5. Optionally edit the Exchange Rate, which has been defaulted from the Currency Exchange Rates.
6. Click Make Refund.

The Refunded Amount in the Header Section will show how much of the Payment on Account has been repaid.

Click on the Refund History to show the Purchase Refund details.