Create a vendor credit

Create a vendor credit to record a credit granted by a vendor independently of a specific bill. Open Menu and select Payables > Vendor credits.

Before you begin

You need an active vendor. See Create a vendor.

Create the vendor credit

  1. Open Menu and select Payables > Vendor credits.

  2. Select Create vendor credit.

  3. Select the Vendor and review the credit date and due date.

  4. Enter the vendor’s reference ID, a memo, and billing address when needed.

  5. Add the credited items under Items, or select Add line under Expense lines, select the Category, enter the Amount, and add a Description when needed.

  6. Review any discount.

  7. In Accounting, review the Posting period and Accounts payable account.

  8. Select Save as draft or Submit.

A draft does not post. The credit posts immediately after submission when approval is not required, or after it is approved when approval is required. Its unapplied amount is then available to apply to eligible vendor bills.

Learn more