What is vendor payment and how can I edit amount for a settled vendor expense?
A vendor payment in Mygate refers to the payment made by the society to its vendors in exchange for goods or services received. This payment can be made through various methods, such as EFT/cheque, cash, or from advance.
Once the expense is booked for the vendor and approved by the society management, the society can proceed with making the payment to the vendor. Society can track these payments under vendor payments.
Please follow the below steps if you want to edit the amount for a settled vendor expense.
Go to "Accounts" and select "Vendor Bills and Payments" under "Purchasing".
2. Open the "Vendor Payments" tab
From the Actions column, click "Edit" for the payment voucher you want to update.
Update the required fields and click "Submit" to save the changes.
Note
Mode of Payment, Paying Amount, and Settled Amount fields are non-editable.
To update these fields, the payment voucher must be cancelled and recreated.
The Edit option will not be available if the payment voucher has a Bank Date in the Bank Reconciliation module.