Option 4Post Customer Refunds

Use this function to post the refunds. They will be posted as adjustments to Accounts Receivable and as unpaid invoices in Accounts Payable. The following processing steps accomplish this job.

1. Step 1This is the standard disposition used for all posting functions.
2. Step 2This step prevents CANCEL from canceling the current job.
3. Step 3This step processes the information for Customer Refunds. Under certain conditions, records in the General Ledger, Accounts Receivable, and Accounts Payable Transaction Control files, and the Accounts Payable Miscellaneous Vendor file, will be added. Updates to certain fields in the Parameters and Transaction Control files will occur. Generalized routines are performed to do Month to Date Postings in Accounts Receivable, Post GL Transactions in General Ledger, Convert Calendar To Fiscal in General Ledger, Post AR Transactions in Accounts Receivable, and Post AP Transactions in Accounts Payable. Records in the Customer Refunds file will then be deleted.
4. Step 4This function displays a warning to the operator if any errors were encountered during posting.