Only outstanding advances can be repaid. On the grid, outstanding advances will be denoted with a in the first column Outstanding advances will show as "true" in the Repayable column on the grid. 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:
- Click on the the view icon for the advance you want to repay.
- The amount of the original advance will appear in the amount field. Enter a date and Click the in the Repayments section to create a new repay transaction for that advance. Any previous repayments against the advance will also show in this section.
- The amount will default to the remaining amount on the advance. The date will default to the current date. Update the amount and date if needed and enter description of the repayment.
- Click on to post the transaction, click on to not post the transaction and return to the grid