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.

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