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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Fixing a payable in a ...
Microsoft Dynamics GP (Archived)

Fixing a payable in a debit balance

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Posted on by Community Member

We created an unapplied payment to a vendor in advance of a merchandise delivery ($25K). We took delivery of $17K of the merchandise and returned $8K. We created a purchase order for the $17K. The vendor has wired $8K to our bank account for the returns.

The $8K is sitting on my AP aging as a payment but I can't figure out how to apply the wired funds to the outstanding AP aging. I can post the wired funds to the vendor as a return but I can't link the unapplied payment to the return.

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  • Verified answer
    babubaskaran@outlook.com Profile Picture
    babubaskaran@outloo... 12 on at

    Hi Ryan,

    You can use customer vendor consolidation to book the receipt from the vendor.  Please refer following KB for the same.

    community.dynamics.com/.../customer-47-vendor-transactions

  • Community Member Profile Picture
    Community Member on at

    Hi Ryan,

    My understanding you have a credit sitting on the vendor account and in order to fix that you need to

    1-Create a debit note for 8K for the vendor.

    2-Apply the 8000 payment to this debit note.

  • Community Member Profile Picture
    Community Member on at

    Thanks Ragaei

    I actually have a debit balance on my vendor (debit balance on the payable) for $8K. My problem is that I can't figure out how to debit my cash and credit the payables debit balance to remove the payment from my AP aging.

  • Community Member Profile Picture
    Community Member on at

    Thanks Babu I'm going to give it a try.

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