Only outstanding advances can be repaid. On the grid, outstanding advances will be denoted with a To Repaying an advance will process an expenditure transaction from the advance out (return) account and a receipt transaction to the advance in (return) account. To repay an advance:in the first column.
- Click on the for the advance you want to repay.
- The amount of the original advance will appear in the amount field. Enter a date and description of the repayment.
- Click on to post the transaction, click on to not post the transaction and return to the grid
When an advance is repaid, the advance out (return) dimensions include a 7420 function code and a 922 object code. The advance in (return) receipt code is 5220.