If you end up with a Credit in the Contact's AR account and you decide you want to pay them by check you can create a GL Adjustment/Journal Entry.
Follow the steps below:
[*] Create a Payable account for the Contact.
[*] Go to General Ledger module on the Home Ribbon
[*] Select New Transaction on the ribbon
[*] Enter the Date ( Recommended to use date of credit)
[*] Click Add Line from the ribbon
[*] Select the Receivable Ledger Account
[*] Tab through to next field to search for the Contact's AR account
[*] Enter a description
[*] Debit the amount of the credit
[*] Add Line from the ribbon
[*] Your off setting entry will be to select the Accounts Payable ledger account
[*] Tab through to next field to search for the Contact's AP account
[*] Enter a description
[*] Credit the amount of the credit ( same amount as you entered in the Debit column)
[*] Post from the ribbon
Now you can go the Contact's Payable account and make a payment to write check.
Note: If you have the option to credit the original invoice it is always recommended to create the credit this way over the GL Adjustment.
How can I pay a credit in the Receivable for Contact?
-
- 100 Club: Active Contributor
- Posts: 171
- Joined: Wed Aug 24, 2016 9:22 am
How can I pay a credit in the Receivable for Contact?
Post by M1EnterpriseTech »
Enterprise Support Specialist
Return to “Enterprise: Accounting”
Jump to
- SUPPORT / USING THIS FORUM
- ↳ 0. > SYSTEM REQUIREMENTS / RESOURCES
- ↳ System Requirements
- ↳ Mitchell 1 Homepage
- ↳ M1 Knowledgebase
- ↳ Shop Connection (Blog)
- ↳ Email: TECH SUPPORT
- ↳ Email: CUSTOMER SERVICE
- ↳ Email: PRODUCT CONTENT
- ↳ Contact SocialCRM Agent
- ↳ Frequently Asked Questions (FAQs)
- ↳ 1. > HOW THIS FORUM WORKS [READ FIRST!]
- ↳ FORUM FAQs
- ↳ FORUM RULES
- ↳ How to Register
- ↳ How to Change Password
- SHOP MANAGEMENT / REPAIR INFORMATION / RELATED PRODUCTS
- ↳ 2. > MANAGER SE - RESOURCES
- ↳ SE News
- ↳ SE Product Help
- ↳ m1files.com
- ↳ SE Knowledgebase
- ↳ M1 Videos+Quizzes
- ↳ SK Videos+Quizzes
- ↳ Reports Pack
- ↳ Workshops
- ↳ Polls
- ↳ 3. > MANAGER SE - BY PROGRAM AREA
- ↳ Time Manager
- ↳ Scheduler
- ↳ Database + Settings
- ↳ NEW >>> TIPS - Database / Settings
- ↳ Reports + Printing
- ↳ NEW >>> TIPS - Reports / Printing
- ↳ Parts + Ordering
- ↳ NEW >>> TIPS - Parts + Ordering
- ↳ Technical Issues
- ↳ Tips + Ideas
- ↳ 4. > MANAGER SE - OPTIONS
- ↳ ProSpect
- ↳ MessageCenter
- ↳ Accounting Link
- ↳ SocialCRM
- ↳ Credit Card Processing
- ↳ Manager Enterprise
- ↳ Enterprise: General
- ↳ Enterprise: Settings
- ↳ Enterprise: How To
- ↳ Enterprise: Accounting
- ↳ Enterprise: Reports
- ↳ 5. > BOLT-ON TECHNOLOGY / VOYOmotive
- ↳ Mobile Manager
- ↳ Message Pro
- ↳ Lube Sticker Pro
- ↳ Report Pro
- ↳ VOYO products
- ↳ 6. > PRODEMAND / SHOPKEYPRO / TRUCKSERIES
- ↳ Using ProDemand
- ↳ Model Coverage
- ↳ NEW! SureTrack FAQ
- ↳ ProDemand Support - Videos + Live Training
- ↳ Repair Product Content Support
- BUSINESS TOPICS [Discussions For REGISTERED Forum Users]
- ↳ MEMBER REPAIR TIPS
- ↳ Dodge Cars
- ↳ Dodge Trucks / Jeep
- ↳ Ford Cars
- ↳ Ford Trucks
- ↳ GM Cars
- ↳ GM Trucks
- ↳ Honda / Acura
- ↳ Nissan / Infiniti
- ↳ Toyota / Lexus
- ↳ VW / Audi
- ↳ Imports - Other
- ↳ About Bolt On Technology
- ↳ About Elite Worldwide
- ↳ VIN Decode