When you give an order to your vendor and make advance payment for the order but due to some issues of delivery and other problems, you cancelled the order. In that case, the vendor have to return your advanced amount back to you. With the help of receipt from vendor option, you can create a payment order for the vendors. To create receipt from vendor, click on “Receipt from Vendor” Option from the drop-down list of the Finance Category.
When you click on “Receipt from Vendor” Option, a new screen appears that help you in creating the advance payment of the order that you have cancelled. You have to:
- Select the date at which you are creating the sales order
- Select the data of the vendor from the Lookup option
- Amount you have to pay to the vendor
- Method of the payment
- By which medium the money is deposited
- Reference and can add some notes about the vendor
When you inserted all the necessary details of the payment, click on “Save” button to save the payments, otherwise click on “Cancel” button to exit from the page.