Description
A Vendor Credit is a credit amount that is created for a particular Vendor in Accounts Payable. A Vendor Credit is then later applied directly against a Bill in the Pay Bills tab of the Cash Management module. This is different from an AP Credit, which is created as its own document for a particular Vendor, and that is never applied to a particular Bill.
Manage Vendor Credits from this page:
Add/Edit Vendor Credit
Enter all required fields and click submit. You can also click the down arrow next to the submit button and click 'Submit and New' to open a new blank Vendor to complete.
The following fields are available:
- Type - Type of Vendor Credit.
- Amount - Total amount received
- Description - Short text description
- Number - Unique number for the receipt
- Vendor - The Vendor being credited
- Ledger Account - Credit side Ledger Account of the entry booked when this Vendor Credit is applied to a Bill.
- Unapplied Cash Account - Debit side Ledger Account to post unapplied cash to. (Note: Only used if System Setting "Post Journal on Vendor Credit Creation" is enabled.)
- Location - Location to post credit to.
- Currency - Currency of credit received.
- Receive Date - Date credit was received.
- Posting Date - Date to post Journal Entry on creation.
Individual Vendor Credit Actions
- Details - Click the Vendor Credit number to view its details.
- Edit - Update Vendor Credit.
- Void - - Void Vendor Credit.
- Delete - Delete Vendor Credit.
Vendor Credit Table Actions
- Filters - Filter what appears in the table based on one or more fields available in the table.
- Saved Views - You can create a set of filters that you would like to save to be able to quickly filter a table.
- Column Selector - Hide and reveal extra columns and the number of rows visible in the table per page.
- Export - Table data can be exported using the export button at the top of the table.