Credit from a supplier
Question asked by Sarah Wilkinson 9 years ago
Hi all,
I am new to clearbooks and am picking up actions already completed by previous members of the team so want to make sure I understand what to do.
We have a supplier who has paid invoices in full and has agreed to reimburse us for a 'discount'. A credit note has been applied under purchases and now the funds have been received into our account.
Firstly, should this credit has been received as a purchase or a sale and secondly how do I now reconcile this payment from our bank, will this be as a transaction as I can't see the credit note against this supplier?
Apologies if I haven't made sense but I have no previous experience of using clearbooks.
Thank you