Reversing Supplier Payment Allocations

THE PROCESS OF ALLOCATING SUPPLIER PAYMENTS IS THE MATCHING OF A PAYMENT MADE TO A SUPPLIER AGAINST THE RELEVANT SUPPLIER PURCHASE INVOICE RECEIVED TO FLAG AS PAID.

THIS IS NOT A COMPULSORY PROCEDURE AND IS OPTIONAL TO THE USER.

THE PROCESS OF ALLOCATING PAYMENTS AGAINST PURCHASE INVOICES DOES NOT ALTER ANY SUPPLIER BALANCES IT IS MERELY GOOD MANAGEMENT OF THE CREDITORS LEDGER.

TOOLS > REVERSE ALLOCATIONS> SUPPLIER PAYMENTS

Supplier

Select Supplier name from the drop down menu

Payment allocated to reverse

Double click on the payment (pending, should appear in the box beside the payment amount)

Purchase Invoice

Double click on the Invoice to which it was allocated – The amount pending will now appear against the invoice

Update

Click update to complete the reversal of allocation

NOTE: IF YOU WANT TO REVERSE ALL ALLOCATIONS ON A SUPPLIER ACCOUNT, WITHIN THE SUPPLIER ALLOCATIONS SCREEN, SELECT PURGE AND THEN YES TO COMPLETE THE PURGE.

Need help? Support is available at 01 8352074 or support@thesaurus.ie.

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