PO with 15% refund

[Former Member]

Dear Gents,

We have PO that containing several line items for renting villas, the rent for those villas are including 15% refundable after one year.

The question now, after one year, when the rent is ended a, how can we get this 15% or part of it back?

Your input is much appreciated.

Thank you,

Mohammed

[Former Member]

1.adjusting the amount in the line item of PO

2. or add condition  as discount

3.or  pass as JV in accounting

4.or Subsequent credit memo to the vendor

[BijayKumarBarik]

Hi,

You are renting villas from vendor and paid advance. To get 15% or part of it back, discuss with FI/CO team to get return the amount or adjustment from your vendor.

Regards,

Biju K