I have the following problem.
I bought an equipment for say $1000 + 20%VAT. I got pro-forma Invoice for $1200 which I paid. Then I received Invoice for $1000 because in EU we don’t pay VAT between states. Basically the pro-forma Invoice was wrong and I overpaid. Then I got $200 credit from the supplier.
How do I do the entries in ERPNext?
I’d like to create an Invoice for $1000, but with payment of $1200 and then create bank journal entry for $200. But this doesn’t work as payment can’t be more than invoice. (it can be less, but not more). What I would like to see in my general ledger is:
Account Debit Credit Voucher Type Against Account Electronics - SG 1000 0 Purchase Invoice Supplier01 Creditors - SG 0 1000 Purchase Invoice Electronics - SG Bank - SG 0 1200 Purchase Invoice Supplier01 Bank - SG 200 0 Purchase Invoice Supplier01
Can anyone suggest how to achieve something like this? I tried checking the “is paid” checkbox directly on Purchase Invoice but that doesn’t work and I get 1000 into general ledger against Bank Account. That is the problem. I’d like to see 1200 in Bank Account because that is what I paid…and then $200 payment from Supplier.