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kcandido
Level 2

We booked a credit note the supplier deposited the funds back.. what would be the entry?

 
1 Comment 1
Rustler
Level 15

We booked a credit note the supplier deposited the funds back.. what would be the entry?

Since you have a supplier credit on the books

deposit the check and use accounts payable/supplier name as the source account for the deposit

then use pay bills, select the "bill" the deposit created and apply the credit to clear it. save.