9.36 Credit Memos for Supplier Accounts

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Related Articles 9.35 Apply a Credit Memo against an Invoice in a Customer Account 9.34 Credit Memos for Customer Accounts

Applying a Credit Memo to a supplier account is a similar process to applying a Credit Memo/Pre-Payment within a Customer Account. Within a Supplier account it will be applied on the Bill side.

To be able to apply a credit memo a Trust Account will need to be setup in the General Ledger. A trust account is where all credit memos, deposits, and pre-payments will be allocated until a time as they are assigned to a particular Invoice against a payment.

From the Bills screen click on the New Payment icon.

On the payment screen be sure there are no allocated items listed.

Check off the payment type. Click the Save icon. Check off the print option if a receipt of Deposit needs to be emailed to the customer.

The credit memo will appear in the Bills screen, highlighted blue and be labeled Deposit/Pre-payment.