Purchase return or vendor credit memo

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. To record the purchase returns go to the task drop down list and select the option vendor credit memos. As shown in the below picture:

When you will click to the option, a new window will appear on your screen.

Select the vendor’s ID to whom you are going to return the inventory. As you select the ID the tab will be shifted from “apply to purchases” to “apply to invoice number”. Select the invoice, against which you are going to return the inventory, enter the credit memo number. It is mandatory to give the credit no otherwise your entry will not be saved. Write the returned amounts to the “return” list the total amount will be calculated automatically.