Accounts Receivable

Question

How do I reverse a prepayment in Accounts Receivable?

BShockley · Accepted Answer

Process a negative cash receipt against the prepayment. 
 
 Open Accounts Receivable , Main, Cash Receipts Entry , select the correct bank code and the next deposit number . 
 Enter the deposit amount as a negative amount. This should be the same amount as the prepayment, but with a negative. 
 Select the Customer and enter anything for the check number . 
 Enter the same negative dollar amount into Amount Received . 
 Click on the Lines tab, select the pre-payment invoice. 
 Click Accept

Sage 100

Accounts Receivable

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