Accounting
Vendor Credits
Vendor credit memos — credits your vendors owe you, applied against their open bills.
Accounting → Payables → Vendor Credits lists vendor credit memos ("Manage vendor credit memos and apply to bills") — the AP mirror of Credit Memos (AR). When a vendor owes you money back (an overcharge, a cancelled service), record it here and apply it against that vendor's open bills instead of waiting for a refund.
Columns
VCM #, Vendor, Date, Reason, Total, Balance (the unapplied remainder), Status. Search with "Search vendor credit memos..." or filter by status.
Statuses
Draft → Posted → Partially Applied → Fully Applied, or Void.
Actions
- Header: New Vendor Credit opens the create sheet.
- Row menu: View Details, Post (drafts), apply to bills (posted memos with balance), Delete (drafts), Void.
Applying a vendor credit reduces the bill's balance the same way a payment would — the Balance column tracks how much credit is still unused.