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How to process a refund/credit in Accountright

 
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dlskad



Joined: 26 Jul 2011
Posts: 2

PostPosted: Sun Aug 14, 2011 2:56 pm    Post subject: How to process a refund/credit in Accountright Reply with quote

Hi
I'm using Accountright Standard v19 and only use the Banking and Sales icon for expenses and sales. (ie. I do not use the Purchases icon). I have received money back from the business insurance company as a credit to the bank account. How do I process the credit in myob?
If I select Banking/Receive money then the credit will appear in the G1 (sales) field on the BAS. I know the purchases register icon has 'returns/debit' but I use the banking icon. Any info would be great! Cheers
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toofatladies



Joined: 13 Apr 2011
Posts: 15

PostPosted: Tue Nov 29, 2011 9:37 pm    Post subject: Reply with quote

If you are recording a refund for a sale you do a negative sales invoice in a sales invoice then record it i always put CREDIT #5678( invoice it applies to in PO field.
The next step is to go to returns and credits tab and select credit i have made and select the refund button on the bottom left
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