Vendor credits
A vendor credit records an amount granted by a vendor that can reduce open payables. It can contain item lines, expense lines, or both.
Open Menu and select Payables > Vendor credits. You can filter the list by Vendor, Vendor credit date, Status, Unapplied credit, Total, Reference ID, or Vendor credit. The list supports bulk Approve and Reject actions for eligible credits.
A posting vendor credit debits accounts payable and credits the applicable asset or expense accounts. Draft, pending-approval, and rejected credits do not post and do not reduce a vendor bill balance.