How to do refund money to debtor with issue payment voucher?eg: Debtor has been issued amount rm1000 and been knock off with Receive Payment
To refund Money to your customer using Payment Voucher, the below are the recommended steps:
1. Create a Contra account then Issue a Debit Note, the journal should be :
CR Contra Account
2. Create a Payment Voucher
DR Contra Account
Note: in the end, the entries will be as:
After the Entries, You can go to Customer>Customer Knock off to Knock-off the DN and previous over payment (Receive Payment).