FrontAccounting forum — Credit Balance adjustment with Supplier

Re: Credit Balance adjustment with Supplier

2017-11-11T16:09:41Z

Check if it denotes Credit Note from Supplier, otherwise try a negative amount.

Journal Entry should be able to credit / debit just about any account isn't it?

Re: Credit Balance adjustment with Supplier

2017-11-11T09:01:22Z

The Journal Entry will debit the Accounts Payable account (21010001), but not the particular supplier account. And there is no option in Purchases for a Debit Note (like there is for Credit Note). Or will a negative entry in Credit Note be okay?

Re: Credit Balance adjustment with Supplier

2017-11-10T15:40:27Z

Journal Voucher / Debit Note

Credit Balance adjustment with Supplier

2017-11-10T14:32:30Z

We have made some payments (nine) on behalf of supplier for their promotion campaign. We used Bank Payments and debited an expense GL A/c (Supplier Promotion).

Supplier has adjusted his accounts and allowed us to adjust our accounts at our end. How do I make this adjustment so that a Credit is reflected in his Supplier Account and the GL A/c (Supplier Promotion gets even).

Regds

TOR