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Posting credits

Posted: Mon Aug 03, 2015 1:19 pm
by songbird331
For purchases charged on a store account and later paid for...then some of those purchases are returned and credited to our account, how do you post a credit to that store?

Re: Posting credits

Posted: Mon Aug 03, 2015 3:26 pm
by NeilZ
songbird331 wrote:For purchases charged on a store account and later paid for...then some of those purchases are returned and credited to our account, how do you post a credit to that store?
The obvious answer would be enter the same type of transaction that you originally entered for the purchase, but reverse the debits & credits. Again, that sounds too obvious, and too easy.