Overpaid to Supplier

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Overpaid to Supplier

Hi

 

I'm new to MYOB Premier.

 

I had overpaid to supplier on previous couple of weeks.

we paid to supplier $288.9 (inclusive of GST)

Now they returned $18.90 to us.

Original amount was $270.00.

 

How do i record this transaction? 

 

Thanks and Regards!

Shannon

 

 

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Re: Overpaid to Supplier

Hi @Shannon96,

 

I noticed you posted on the Essentials Accounting board, but the program you use is AccountRight Premier. Therefore, I have moved this thread to the AccountRight board instead.

 

Generally speaking, you can record the purchase bill of $270, use Pay Bills to record the full payment of $288.9, allocate the full amount to this bill. Upon recording the payment the system will prompt you that a debit note will be created for the overpaid amount. Then you can go to Purchases Register > Returns & Debits to receive the refund. 

 

Hope this helps, please feel free to let us know how you go. 

Cheers,
Clover

MYOB Community Support

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Re: Overpaid to Supplier

Thanks for your help! 

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