Issue Refunds in Settlement Reconciliation Account

Stay is enhanced to allow users to issue a refund for the payment made for an invoice generated for a settlement reconciliation A/R account.

When the invoice contains a payment, the Issue Refund option (A/R account ➜ Settlement Reconciliation ➜ Invoices ➜ More ➜ Issue Refund) is enabled for selection when the invoice is selected. When selected, the Issue a Refund pop-up screen appears where users can enter the amount to be refunded.

When the amount entered is greater than the amount paid, the following message is displayed: Cannot refund more than the payment amount. Once the refund is processed successfully, a record for the refund is created in the Payments & Refunds section of the invoice.