| | Enter an Accounts Payable (AP) credit memo or negative invoice |
| Resolution | ▼ Enter a Credit Memo Accounts Payable doesn't track individual credit memos. Instead it adds their amounts to the vendor's total credit balance. - Open AP, Invoices, Credit Memos.
- Enter the vendor ID.
- Select to apply to Invoice or Open Credit.
- Enter the credit reference, date and amount.
- Distribute the amount to the appropriate GL accounts.
- Select Post.
▼ Negative Invoice - track credit detail Use a negative invoice to track credit detail of your vendor open credit. Enter the negative invoice - Go to AP, Invoices, Enter.
- Select the vendor.
- Enter an Invoice # and credit date.
- Enter the amount as a negative amount.
- Distribute the amount to the appropriate GL accounts.
To apply the negative invoice ▼ Manual Invoice Selection - Go to AP, Checks, Invoice Selection, Manual.
- Choose the vendor.
- List the invoices.
- Select all invoices including the negative invoice.
▼ Enter Payments - Go to AP, Checks, Enter Payments.
- Choose the vendor.
- Select all invoices including the negative invoice.
- To apply a full credit, select both the original and negative invoice and post a zero-dollar check
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