Use the Vendor Credit Memos window to enter credit memos for returns to and credits from a vendor; you can apply credit memos to any existing vendor invoices that have not been paid. All entries made on this window are posted to General Ledger, vendor records, and when applicable, inventory and job records. You have the choice of applying memos to jobs through the distribution list box.
When you enter an item ID, the quantity on hand is reduced by the quantity entered. Vendor Credit Memos allows you to enter as many as 500 return or credit line items per memo.
Use the Vendor Credit Memos window for vendor returns and credits.
You can use the Track It panel to update the tracking status of a vendor credit memo (pending, approved, etc.), including assigning it to a specific user or all users that have a specific role in your company.
For a listing of fields in the Vendor Credit Memos window, click the link.