Refunding a Purchase Payment on Account

If a supplier pays back money you paid them on account, for example a returned deposit, record it as a refund on the Purchase Payment on Account. You can refund all or part of it.

Record a refund on a payment on account

Open Aedon.Purchases and click the Purchase POAs tab, then:

1. Open the posted payment on account and click Refund.
2. In the Create Refund window⁽¹⁾, enter the Date you received the money and the Amount (it defaults to the balance outstanding), and choose the Bank Account it was paid into. Check the Currency Exchange Rate and, if necessary, add a Payment Reference.
3. Click Pay⁽²⁾ to record the refund.

Aedon creates a Purchase Refund and reduces the payment on account’s balance outstanding. You can see it on the Refunds & Audit History tab. When the money shows on your bank statement, reconcile it on the bank account’s Reconcile tab.

The refund must be paid into a bank account in the same currency as the payment on account.

Related articles

• Purchase Payment on Account
• Purchase Refund
• Reversing a Refund on a Purchase Payment on Account