Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

How To Add Remove Prepayment Or Vendor Credit Note Sage 50 Accounting

Remove Prepayment Or Vendor Credit Note Sage 50

How To Record A Refund Received From Vendor? You should have received a credit invoice from the vendor that the  is paying for Remove Prepayment Or Credit Notes that correct?  You need to go to Sage 50 Support Phone Number in order to resolve permission issues comes during editing vendor prepayments. On the off chance that you click on ‘Report' up top you will see that the bank is being charged and the Acct Payable is being credited. Then simply post it. On the off chance that you don't have a credit receipt, at that point you should call for one. Most merchants can't make a check without having something to pay the chq on. On the off chance that you can't get one, at that point you have to make one clarifying what the credit is for. Whenever you have posted that then you can feel free to adhere to the guidance above. On the off chance that in this way, at that point simply go into the installment module for that merchant, use Deposit or something along that line as the check number date is the store date, at that point click on the credit receipt and that will presently show as a negative sum for the check  all out. You would enter the acknowledge receipt as a buy receipt a similar way you enter the charge solicitations from your sellers with the exception of the sum would be entered as a negative number. You would credit a similar record that the first buy was for – model you purchased stuff from Staples and coded to G/L Office Supplies, presently you restored some stuff back to Staples so you would enter the credit receipt a similar route as a negative number and code to same G/L Office Supplies. 

How To Remove A Vendor Credit Note Or Prepayment


  • Sage 50—Canadian Edition


  • North America


  1. I have voided a paid transaction but Sage 50 created a credit note that I don't want to exist. How do I remove it?
  2. What are credit notes and how can I remove one?
  3. How to remove a credit note?
  4. How to remove a pre-payment?
  5. Credit note reversal.
  6. How to remove in order to resolve permission issues comes during editing vendor prepayments.

Disclaimer Backup Warning: Use alert when working with the beneath item usefulness. Continuously make a reinforcement of your information prior to continuing with cutting edge arrangements. In the event that essential, look for the help of a certified Sage colleague, network head, or Sage client service examiner.


  • Acknowledge Notes are made as an outcome to turning around or changing (a measure) of a paid receipt.
  • Credit Notes are consequently made when you invert a paid receipt prior to turning around the installment.
  • Credit Notes can be made by making a prepayment for a merchant or provider.
  • Credit Notes are made by making a negative receipt.


Method I: Remove the vendor credit note or prepayment.

  1. Snap Payments .
  2. In the Pay To the Order of drop-down rundown select the merchant or provider.
  3. Snap in the Payment Amount segment comparing before the Credit Note or Prepayment.
  4. In the Paid by, select your installment technique.
  5. Whenever paid with Cash, Check or Direct Deposit, pick the record in the From field (ought to be a similar record as the one influenced initially).
  6. Whenever paid with a money order or Direct Deposit fill the reference field .
  7. In the Check No. field: Enter a mark that demonstrates this is a discount or evacuation including the check number.

Note: For example or Remove Prepayment.

  • Check all fields are right.
  • Snap Post or Process.

Method II: Apply your Vendor credit against an invoice (Zero Dollar Payment)

  • Follow Article ID How to apply a credit note, in Related Resources.

Solutions For Remove Prepayment Or Vendor Credit Note Sage 50

At the point when I went to enter the receipt, I saw that the sums didn't match, and chose to deal with the installment as afterward. So I erased the prepayment information from the merchant receipt. USA didn't whine. It likewise appears on the Pay Purchase Invoices screen for this seller (in red at the base). The charge credit actually show up in prepayment and Visa accounts. I attempted to enter a to simply turn around the section however I can't utilize a connected record. I went to unlink it, however USA gave me an admonition message that proposed I would do well to not. I entered a prepayment by Visa to a merchant.  The prepayment appears on the Vendor Aged report, however you can't penetrate down into it.I tired to copy the circumstance in the Sample organization yet couldn't coordinate the grouping to get similar fields appearing. At the very least, I might want to get the accounting report .

 however ideally I might want to erase the prepayment.

  1. Snap Payments.
  2. In the Pay To the Order of drop-down rundown select the seller or provider.
  3. Snap in the Payment Amount section comparing before the Credit Note or Prepayment.
  4. In the Paid by, select your installment strategy.
  5. In the Check No.
  6. Confirm all fields are right.
  7. Snap Post or Process.

Solved For Remove Prepayment Or Vendor Credit Note In Sage 50

Edit Or Void A Customer Prepayment. On the off chance that the aggregate sum of excessive charge credits is a critical piece of your complete records receivable, and you need to give budgetary reports to somebody outside your organization, for example, your bank, you may need to utilize an alternate strategy. The explanation is you owe that cash to your client which implies it is a risk. Yet, the above technique makes it a negative resource (debt claims) rather than an obligation.  Also user face Sage Error during reconciliation when Credit Notes are created automatically or created in reverse order. Enter And Apply A Vendor Credit Memo.   So as opposed to overpaying a receipt, you will pay the receipt for the genuine sum due, at that point click on the Apply To Revenues tab, enter a depiction, set the GL record to a risk record, for example, Customer Down Payments, and put the excessive charge in the Amount field. Except if your state expects you to burden up front installments, set the assessment type to absolve. Utilizing this technique, the excessive charge will show in the risk account, however it won't show in the client's equilibrium. So you should cautiously monitor what is in the risk account. Your overall record will all the more precisely show your monetary position utilizing this strategy, however from a down to earth perspective, it is a lot harder to monitor your client's genuine equilibrium. That is the reason I suggest this technique just when you are needed to utilize it. Sage 50 2020 has recently delivered and it has another element permitting you to enter the all out receipt sum and it will auto-apply it to the open solicitations. In the event that you enter a sum that is more than the absolute of the client's open solicitations, when you spare the exchange a window will open inquiring as to whether you need to have Sage 50 naturally make a different prepayment exchange for the excessive charge sum or in the event that you need to physically fix the distinction on the receipt. 


Written by quickbookshelp

Methods To Resolve Toshiba Error Code 0xc0000225 Windows 10?

How to Bulk Save Outlook Emails As PDF Files?