Overview:

Cash Purchase Refund is a counterpart form of Cash Purchase. This form is used to allow the maintained supplier, as well as walk-in suppliers, to record cash refund transactions and enables the system to reverse payment to suppliers and update the stock inventory.

In the system, a Cash Purchase Refunds can only be created if there is an existing Cash Purchase to be refunded; therefore, there are two methods available for creating a Cash

Purchase Refunds:

1. Add New Cash Purchase Refund > Transfer from Cash Purchase

2. In Cash Purchase > Transfer to Cash Purchase Refund

Procedure:

Method 1: Transfer from Cash Purchase

1. In the Navigation Pane, go to Purchases > Cash Purchase Refunds

2. In Cash Purchase Refunds, click ‘Add’.

3. Select Supplier > Transfer from Cash Purchase

4. In Transfer from Cash Purchase, select Cash Purchase transaction to be refunded. Once done, click ‘OK’

5. Once transferred, click ‘Save’.

Method 2: Transfer to Cash Purchase Refund

1. In the Navigation Pane, go to Sales > Cash Purchases

2. Open for Refund Cash Purchase

3. In Cash Purchase form > Transfer to Cash Sale Refund

4. Confirmation will prompt. Click ‘OK’.

5. Once transferred, click ‘Save’.

Application:

Cash Purchase will be reversed

As well as the Stock Inventory

and Cash Purchase will now be tagged as ‘Refunded’.

Note: The system also allows users to partially refund cash purchases and to refund multiple cash purchase transaction.

** Learn more about Azure Cloud

** Learn more about QNE Hybrid Cloud Software

System Scope: QNE AI Cloud Accounting / N3 AI Accounting