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Adjusting prepayment
Posted: Mon Oct 25, 2010 12:05 pm
by stalinvstalin@gmail.com
Hi,
I have requirement. I had a prepayment of 10,000 aginst employee and had a expense report of 8000 and employee given a personal chque of 2000 to company.
waht is the best way to fit these transactions in syatem.help me urgent .
Regards,
stalin
Posted: Tue Oct 26, 2010 3:44 am
by stalinvstalin@gmail.com
Hi,
Can any one update on this issue please.
Posted: Tue Oct 26, 2010 6:29 am
by umamahesh_jv
Hi Stalin,
for this issue, just create the employee as supplier and create expense report and create expense invoice for that employee.
for the refund amount, enter one credit memo and apply to prepayment and take refund for that credit memo.
according to me this is the solution.
gurus, please correct me, if i am wrong.
Regards
Mahesh
Posted: Wed Oct 27, 2010 5:53 am
by farsha
HI
UMA
U cannot apply prepayment to Debit or Credit memo.
Regards
Shahab
Posted: Thu Oct 28, 2010 4:44 am
by stalinvstalin@gmail.com
Hi all,
how to adjust the remaining 2000 given by the employer.How to settle the prepayment account.Can any one suggest with solution please.
Regards,
stalin
Posted: Thu Oct 28, 2010 5:50 am
by farsha
Hi Stalin,
Only solution can be like this
Create a dummy-invoice of 4000
Apply prepayment to it .
now remaining 2000 will be left for that invoice.
Make a zero payment i.e.
while making Payment select Dummy Invoice and Credit memo and make a payment .
For making payment u can use dummy bank or if u want u can use actual bank.
As the vale of Payment will be zero ,make sure "Allow zero payment" is enabled in bank.
Regards
Shahab