Refunds: Generated Transactions
The following refund transactions are recorded to the general ledger when the refund has been released.
| Account | Debit | Credit |
|---|---|---|
| Cash account | 0.00 | Amount |
| Accounts Receivable account | Amount | 0.00 |
You can view the batch details by clicking the link in the Batch Nbr. box on the Financial tab of the Payments and Applications (AR302000) form.
If you have recorded bank charges to the refund, the system generates the respective transactions and includes them in the batch with the refund transactions. For details on bank charge transactions, see Finance Charge Transactions.
When you release a refund, the GL batch may contain, in addition to the refund transactions, some transactions generated by its application records. For details, see Invoice Payments: Release of Application Records.
The following voided refund reverse batch is recorded to the general ledger when a voided refund is released.
| Account | Debit | Credit |
|---|---|---|
| Cash account | Amount | 0.00 |
| Accounts Receivable account | 0.00 | Amount |