Partial Refund From Supplier

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Partial Refund From Supplier

Hi, How to receive a refund from supplier?

Let's say, Amount that i enter into system = $288.90 (inclusive of GST)

But now, supplier returns $18.90 to us

Original amount would be $270.00 (inclusive of GST)

 

Thanks and Regards!

Shannon

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Ultimate Partner
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Re: Partial Refund From Supplier

Hi Shannon96

 

Try the below support notes.   If you have any queries let us know.

 

http://help.myob.com/wiki/display/ar/Recording+and+settling+supplier+debits

 

http://help.myob.com/wiki/display/ar/Settling+supplier+debits#expand-Torecordarefundcheque

 

Warm regards
Renae

 


If I am responding to your query and I have helped you please kindly mark my post as a solution to assist others in the future.
Warm Regards
Renae

@renae2peas
https://twopeas.com.au/covid-19-resources/
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Re: Partial Refund From Supplier

The payment  is for Worker Insurance instead of Purchasing items.

I have recorded the payment by cheque in Pay Bills.

After few days , the insurance company send us a cheque for refund.

How do I record this transaction?

 

Much Thanks

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MYOB Moderator
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Re: Partial Refund From Supplier

Hi Shannon ( @Shannon96 )

 

Thanks for your question

 

The easiest way to record the received money would be with a receive money transaction, tagged with the supplier card.

 

You may want to have a look at our help articles, Insurance settlements and paying workers compensation as these two articles discuss a general insurance payout and handling a workers compensation payment respectively.

 

Do let us know how you get on with this.

Regards,
Neil

MYOB Community Support

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