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In the previous lesson we became familiar with the process of making Payment to the Vendor.
In the current lesson you will learn how to adjust the Vendor charge against the payment in the Free Accounting system.
In order to complete this lesson of the Tutorial you have to go through the previous three lessons and create the Purchase Order,
Purchase Order Receipt, Write Check to the Vendor.
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In the previous lesson we wrote the check to the BETCO CORPORATION Vendor on the sum of $70.00.
Now we have to adjust the Vendors charge against our payment.
- Select Vendors | A/P Aging Summary from the Main Menu or press the
A/P Aging Summary button under the  Vendors in the Navigation Pane.
- Select the BETCO CORPORATION Vendor from the Vendor drop-down list.
- Press the Refresh button.
- The window shows how much money our company still owes to the BETCO CORPORATION Vendor.
Our Sample Company owes $70.00 for the current billing period (0 - 30).
We do not have anything in the 0-30, 31-60, 61-90, and >90 columns, so we do not have
any overdue balances from previous billing periods.
The Unapplied Payment is also $70.00 and this is the amount of money that was not adjusted.
We will do it now.
- Select Vendors | Pay Bills from the Main Main
or press the
Vendors button on the Navigation Pane and select
Pay Bill.
- In the opened window select the BETCO CORPORATION Vendor from the Vendor drop-down list.
- In the List of Existing Charges for the Vendor part of the grid put a check mark near the Invoice with the PO Number we had created earlier.
The Charges and Adjusted columns should show $70.00.
- In the List of Existing Credits for Vendor part of the grid put a check mark near the payment that is $70.00.
If you haven't done any other transactions besides those showed in the current Tutorial you will have only specified transactions in the grid.
- Press the
 Pay Selected Bills button.
The corresponding Charge and Credit have disappeared from the list of available ones.
- Go back to the A/P Aging Summary. Select the BETCO CORPORATION Vendor in the list of Vendors.
No charges are shown for this Vendor because Sample Company does not owe any money to him any longer.
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