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Praju
Praju asked in Business & FinanceOther - Business & Finance · 1 decade ago

SAGE POSTING?? HOW TO POST REFUND CHEQUE RECEIVED FROM SUPPLIERS?

Last December i received Invoice from Supplier and i had to pay instant. it was

Total £1540.00

vat 17.5% £269.50

sub total £1809.5

then later i realized Vat has been charged more instead of 15%.

after 1 week i received cheque from supplier with refund of £38.50.

Now i don't know how to post the refund cheque in sage??

I request everyone to answer in detail. please

1 Answer

Relevance
  • Mr. X
    Lv 7
    1 decade ago
    Favourite answer

    You can post it as a refund of money paid in excess.

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