Appendix No AR

Negative Payments

When the total receipts for any period net to a negative number, the marketplace vendor will take money out of the store’s bank account instead of making a deposit. To record the deduction, a pay out will be done at the cash register. You will need to set up a Marketplace Refund pay out.

To add a pay out:

  1. Access Pay In/Pay Out, Jump 327 (POS > Parameters > Pay In/Pay Out)
  2. Click the Insert Record button
  • Description: Marketplace Refund Pay Code
  • Type: PAY OUT
  • GL Code: If you have Accounts Receivable and/or General Ledger please use the other document for your set up information.
  • Transaction Insert Rcpt Template: Your choice
  • Dual Receipt: Your choice
  • Account: Unchecked

To record the negative payment:

  1. Press the Pay In/Pay Out key
  2. Select Pay Out
  3. Select the Marketplace Refund from the list
  4. Enter the amount that amazcom has taken out of your bank account, for example 2295
  5. Select your automatic deposit tender (This tender is reserved for all direct deposit)
  6. Enter the amount from Step in the Enter Tender Amount field.
  7. Press Enter

Compare this negative payment to mail orders and refunds for the payment period