How do I record vendor credits?

How do I record vendor credits?

To record vendor credits:

  • Go to the Contacts module and open a preferred vendor.
  • Click the New Transaction button.
  • Choose the Bill Payment option from the drop-down.
  • Record payments for all the existing bills - paid in full or partially or you can also record excess payments and save it.
  • The amount in excess will be recorded as a vendor credit which you can apply on your future bill payments.
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