BC Bond Refund Extension
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Description
The BC Bond Refund Extension is a specialised module designed to facilitate the seamless refund of bonds collected before renting a vehicle. This extension empowers users to create relevant journal entries, ensuring accurate and efficient bond refund transactions. With configurable settings and an intuitive interface, the BC Bond Refund Extension simplifies the bond refund process in Business Central.
Specifications
Configuration
– Configure Bond Refund settings, including Account settings, Journal Template Name, and Journal Batch Name.
– Define Credit and Debit accounts for cash receipts and transactions involving the debiting of the bank account and crediting to the
customer account.
– Access the Cash Receipt Journal and select the appropriate Batch Name as per the configured settings.
Bond Refund Action
– Initiate the bond refund process through the ‘Bond Refund’ action in the Cash Receipt Journal.
– Upload a file containing relevant data for bond refund transaction
Validation
– The system performs two validations against the uploaded file:
– Checks for a valid Customer Ledger Entry for the external document number.
– Verifies whether the file’s debit and credit amounts tally.
File Preparation Steps
– Create Cash Receipt
– Generate a cash receipt for the Bond Account Amount.
– Ensure the cash receipt is assigned to the Bond Account Code specified in the setup page.
– Create Invoice
– Generate an invoice for other amounts, excluding the refund amount.
– The cash receipt journal is automatically generated based on the uploaded file.
Benefits
Efficiency: Streamline the bond refund process with automated journal entries.
Accuracy: Ensure precise bond refund transactions with built-in validations.
Configurability: Tailor the extension to your specific accounting and refund requirements.
User-Friendly: Intuitive interface for easy configuration and file uploads.
Experience hassle-free bond refund management with the BC Bond Refund Extension in Business Central.
Additional Information
The BC Bond Refund Extension is engineered to enhance the operational efficiency of rental businesses by automating the bond refund process. This extension minimises manual intervention, reduces errors, and ensures compliance with accounting standards.
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