Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

REFUND FROM SUPPLIER BUT VAT CREDIT NOTE NOT YET RECIEVED

Question asked by Rachael POTTER 6 years ago

Hi can anyone help me please. i have a supplier who has 3 weeks ago credited back via my debit card into my bank £168. I am still awaiting the VAT credit note in the post to tell me which of 2 credits I am expecting he has give me (and have chased it up). How do I put this credit onto my suppliers ledger. when I try to do a money in refund it posts a credit back to my p&l and won't leave it as a refund unallocated on the supplier ledger. I cannot put it on the P&L as i don't know which nominal/job to credit or the VAT tax point,

1 Reply

Do Money In > Refund but set the nominal to trade creditors instead of the P&L.

The payment will then sit within Money > Unallocated Cash until you know what to do with it.

Note - you may need to go into Settings > Codes and tick the 'show in purchases' box next to trade creditors.

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are