Sage 100

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Applying check from Vendor

Posted By rajncajn72 over 10 years ago

We overpaid a vendor and they are sending us a check for the credit amount reflected in MAS 200. How do I receive the check into MAS for the credit in the AP Module from a Vendor? Or how do I move credit balance from AP to AR module?

This is a new situation for us and I need the cleanest solution.

Thanks in advance for any and all assistance.

0 rmikolainis over 10 years ago

Enter in a Credit Memo.
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0 rajncajn72 over 10 years ago in reply to rmikolainis

What happens with the credit sitting in AP??
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0 jnelsonut over 10 years ago in reply to rajncajn72

The quick and easy way: Do a AR Cash Receipts, Customer "Cash", go to Lines and do a GL Distribution and use the GL Account used when you cut the check.

Joe
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0 hyanaga over 10 years ago in reply to jnelsonut

Yes, do what jnelsonut says. However, I think you are saying you have a credit in the AP module for the vendor? If so, you can create a Manual Check, use check number APP (or APP1, APP2, etc) to create a zero dollar check, select the open credit, and create a second line that is just GL distribution for the offsetting amount, to the GL account used in the AR Cash Receipt above.
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