Part refund from a supplier - credit made to our bank account
I purchased items from Bunnings and then returned some items. Bunnings issued the part refund to the bank account. How do I reflect this transaction in MYOB to ensure the purchase, part refund and ...
Hi JSSE
Thanks for your post. Enter the purchase as normal and apply the full payment, you can reconcile the payment transaction with the withdrawal from your bank.
For the refund, enter a negative Enter purchase transaction for the refund amount. Then go to Purchases register>>Returns & Debits>>click on the purchase transaction and click on Receive refund. Process the refund transaction. You can reconcile the refund with the deposit into your bank.
These help articles have detailed instructions:
Supplier returns, debits and refunds
Please let me know if you need further help.
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