Issue check for AR credit

Yahoo Archive
1
We basically do the same thing. We set up an AR miscellaneous charge item for customer overpayment clearing. This posts to a customer overpayment clearing account that is used for nothing but this sort of thing. After we give the customer an AR credit memo using the overpayment clearing misc. charge, we set up a payable item. The payable item uses the same number as was assigned to the credit memo, so we have an obvious cross reference. It gets charged to the clearing account. We then pay the AP item in the normal course of business.

Thom Rose
Controller
Electric Mirror LLC
HOTEL LUXURY

"The World Leader in Back-lit Mirrors & Mirror TV Technology"

T 425 776-4946
A 11831 Beverly Park Rd, Bldg D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com>

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Mary Horsey
Sent: Thursday, May 28, 2009 12:28 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] issue check for AR credit





I do not know of a way. We just adjust the credit off noting that we are
issuing a check. Then we enter the customer in the A/P database to issue a
check. If you find an easier way, please let me know.

Thanks,

Mary Horsey

Finance/HR Manager

Greene Rubber Company

20 Cross Street

Woburn MA 01801

781-497-1851 (p)

781-937-7881 (f)

_____

From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf Of
ecarson_dv
Sent: Thursday, May 28, 2009 3:07 PM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] issue check for AR credit

We have a customer with a credit on their account that we would like to
issue a check for. Is there an easy way to move this AR credit to a payable?

Thanks.
Ellen

__________________________________________________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
__________________________________________________________

[Non-text portions of this message have been removed]



[Non-text portions of this message have been removed]
2
We have a customer with a credit on their account that we would like to issue a check for. Is there an easy way to move this AR credit to a payable?

Thanks.
Ellen
3
I do not know of a way. We just adjust the credit off noting that we are
issuing a check. Then we enter the customer in the A/P database to issue a
check. If you find an easier way, please let me know.



Thanks,



Mary Horsey

Finance/HR Manager

Greene Rubber Company

20 Cross Street

Woburn MA 01801

781-497-1851 (p)

781-937-7881 (f)

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
ecarson_dv
Sent: Thursday, May 28, 2009 3:07 PM
To: vantage@yahoogroups.com
Subject: [Vantage] issue check for AR credit








We have a customer with a credit on their account that we would like to
issue a check for. Is there an easy way to move this AR credit to a payable?

Thanks.
Ellen




______________________________________________________________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
______________________________________________________________________



[Non-text portions of this message have been removed]