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:
- Access Pay In/Pay Out, Jump 327 (POS > Parameters > Pay In/Pay Out)
- 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:
- Press the Pay In/Pay Out key
- Select Pay Out
- Select the Marketplace Refund from the list
- Enter the amount that amazcom has taken out of your bank account, for example 2295
- Select your automatic deposit tender (This tender is reserved for all direct deposit)
- Enter the amount from Step in the Enter Tender Amount field.
- Press Enter
Compare this negative payment to mail orders and refunds for the payment period