Vendor credit memo

Vendor Credit Memo:

When we return the inventory to vendors, we will use the tab “Vendor Credit Memo”.

STEP 1: So we click on menu tab and select the “Task” option and click on the vendor credit memo.

STEP 2: We select the vendor ID to whom purchases return.

STEP 3: We write down the date of returning the goods in the date field.

STEP 4: In the field of credit number, we enter the preference number.

STEP 5: The “term” field filled  when we choose the vendor .

STEP 6:

We click on lookup button and we see chart of accounts and select the Account Payable a/c

STEP 7:If  there  any invoices which were pending in issuance to the vendor then we use the tab "Apply To Invoices"

STEP 8: This software shows the item, quantity, description that you received from the vendor already.

Step 9

          The number of items you wanted to return enter in return field.

Step 10

           The items you want to return you enter those G/L account.

Step 11

           Then amount will be automatically filled.

Step 12

         Click on the save button so that information regarding returns will saved.