Dear,
Can someone tell me how to receive back the balance amount of Advanve Payment which I have paid to the supplier.
Should I select the option of Pay by BP also in addition to the existing Pay to BP.

Thanks
Rijan Dubey

HI,

There are two conditions

1) if Your cheque is reverse

2) if Supplier deposit that cheque in his account and issue new cheque in favour of your orgnisation.

In the First Condition, the reverse Entry passed.

In the Second condition, first you create a customer code in the name of that supplier, and maintain the transaction as receipt.

Another solution is also receipt as advance from supplier.

this transaction will be balanced your system transaction and balance will be zero in your books.


dksharma

Dear Dinesh,
Thnks for ur reply, Let me simulate the scenario.

Thnks
R D

How to you make the advance payment? Is it by issuing an advance payment check through automatic check run? If so, do you use anticipated steps for the advance payment?

Or that you use the advance payment transaction type in tfgld1101m000?

Can you please explain the procedure for both i.e.

1. if I have made the payment through Anticipate mode and the payment has been reconciled, and Supplier now is issuing me another cheque

2. I have paid through tfgld1101m000. In this case I don't want to use negative allowed in Transaction type.

Thnaks
Rudolph