Process Supplier Receipt (CB 14)

This article will discuss how to process supplier receipt in Connected Business 14.

 

 

Record Supplier Receipt

1. Go to Supplier module > Receipt > New Receipt. The list of active suppliers will be displayed.
   

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2. Select the supplier that issued the receipt. The Receipt form will be displayed.
3. Enter the amount refunded in the Amount field. In the Bank Information section, select the bank account and payment method for depositing the received. (Note: The received amount will be deposited to bank account regardless if it's allocated or not.)
   

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4. Select how you want to process the receipt:
   1. ALLOCATE RECEIPT FROM SUPPLIER
      
      If the supplier has existing credits, you can allocate the receipt against the credits. To do this,
      1. Tick the checkbox of the credit document code where the receipt will be allocated. By default, the outstanding balance of the credit will be added to the total receipt amount. Change the amount to the actual amount received.
         

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      2. Click Save to post the receipt. A prompt message will be displayed indicating that the transaction did not generate any gain/loss or settlement discount amount. Click OK.
      3. Once posted, the outstanding balance will be updated. You can check the total amount allocated in the Allocate section of the form.
         

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      You can view the list of allocated supplier receipt from Receipt > Find Receipt > Supplier Receipt History.
      

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   2. DO NOT ALLOCATE BUT POST RECEIPT
      
      If you want to post the receipt without allocating it to any credits, click Save and Close. A message prompt will be displayed indicating that the receipt is not allocated to any credit transactions. Click Yes.
      
      

      Once posted, you cannot modify the receipt amount anymore.

      

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      You can view the list of unallocated and posted supplier receipt from Receipt > Find Receipt > Unallocated Receipt.
      

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   3. DO NOT ALLOCATE AND POST RECEIPT
      
      If you do not want to allocate nor post the receipt, click Save and Close. A message prompt will be displayed indicating that the receipt is not allocated to any credit transactions. Click No.
      
      You can view the list of unallocated and unposted supplier receipt from Receipt > Find Receipt > Unposted Receipt.
      

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Apply Receipt to Debit Memo

Aside from allocating the receipt to payments using the Payment form, you can now apply the receipt directly from the debit memo form.

To use unallocated supplier receipt for debit memos,

1. Create a new debit memo. Go to Supplier module > Debit > New Debit Memo. The list of Active Suppliers will be displayed.
2. Select the supplier from the list. The Debit Memo form will be displayed. Enter the amount to be paid in the Net Total field and click Save and Post.
3. Once posted, click Create Receipt. The Receipt form will be displayed. The receipt amount will be automatically indicated in the Amount field.
   

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4. Click Save. Close the form.