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Advance paid to Employee 1000$. Employee incurred expenses
of 800$ and he returned 200$. How can you perform these
steps in AP?
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Answer Posted / subhranshu
Create a Prepayment of 1000. Pay the Prepayment Invoice in
Full. As the expense is incurred, Match the expense report
Invoice with the prepayment. For the Return you have to
create a Refund of 200. For that create a standard Invoice
of 200 and match it with Prepayment invoice. Then create a
Debit memo or 200 and pay it with a refund of 200
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