Solution Properties
Solution ID:
220924350010341
Last Modified Date:
Mon Nov 21 17:55:39 UTC 2022
Taxonomy Path:
Category//Transactions
Author:
sageadmin
How to enter and apply a Vendor Credit Memo
Description
Cause
Resolution
  1. Select Tasks, and then select Vendor Credit Memos.
  2. Choose the appropriate Vendor ID, then select the Apply to Purchases tab.
  3. Fill out the description of why the vendor credit memo is being made.
  4. Edit the GL Account, if it must be edited.  Otherwise, proceed to step five.
  5. Fill out the amount of the credit.
  6. Fill out the credit memo reference number.  Make it unique and easily recognizable.
  7. Click Save.
  8. Select Tasks, Payments, and then select Vendor ID.
  9. On the Apply to Invoices tab you will see the Vendor Credit Memo as a negative number and the invoice as a positive number.
  10. Under the Pay box, place a check mark next to each of these transactions. This will result in a zero dollar check.
  11. Enter a Check/Reference No. to identify this transaction, and then click Save.

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