Part refund from a supplier - credit made to our bank account

[JSSE]

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 reconciliation all accurately reflect/relate please?

[JSSE]

Reflecting part refund of purchase from a supplier

[Tracey_H · Accepted solution]

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

Settling supplier debits

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[JSSE]

Hello Tracey_H

Thank you for responding.

Just to clarify, the purchases made were for products that do not form part of our inventory.  Would the same process apply in relation to entering the purchase and applying the full amount etc?

Thank you

[Tracey_H]

Hi @JSSE 

When entering the purchase you can change the layout to Service to record a non-inventory transaction:

Then record the payment in Pay bills as normal.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[JSSE]

Hi Tracey_H

Just a quick note to say thank you so much for your help.

Your steps were easy to follow and they worked!!

Much appreciated

[Tracey_H]

Hi @JSSE 

You're very welcome, I'm glad to hear it worked for you.

Please don't hesitate to post again if you need help in the future.