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Sep 26, 2019 11:39 PM UTC
Question

We booked a credit note the supplier deposited the funds back.. what would be the entry?

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1 reply

Rustler
Sep 26, 2019 11:39 PM UTC

Since you have a supplier credit on the books

deposit the check and use accounts payable/supplier name as the source account for the deposit

then use pay bills, select the "bill" the deposit created and apply the credit to clear it. save.