| How to create invoice credits (negative invoices) to track credits in Accounts Payable |
Description | Accounts Payable module does not track open credit detail for each credit memo you post to a vendor account. The amount is added to the vendors open credit balance. If you wish to track detail of vendor credits, you can post a negative invoice. |
Resolution | To track detail of the vendor credit: - Post a credit memo in AP, Invoices, Invoices, Enter
- Select the vendor and enter the amount as a negative amount
- To apply the open credits when selecting to pay your vendor:
- Option 1: AP, Checks, Invoice Selection, Manual
- Select the vendor
- Click List Invoices
- Select all the invoices to pay including the negative invoice
- The total amount to pay the vendor will be reduced by the negative invoice
- Option 2: AP, Checks, Enter Payments
- Select the vendor
- Select the invoices you are paying including the negative invoice
- The total amount to pay the vendor will be reduced by the negative invoice
- To apply the negative invoice to pay an invoice in full
[BCB:163:Chat BusinessWorks US:ECB] |
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