Vendor Credit
Go to Payables -> Vendor Bills -> New Vendor Bill. Create a bill with a negative amount (the amount of the credit). When you receive a future bill for a positive amount, you can apply the credit to help pay for that.
For example:
1. Receive invoice #1234 in the amount of $100.
2. Create a New Vendor Bill to pay $120. (Payables -> Vendor Bills -> New Vendor Bill)
3. Receive a credit notice of $20 from your vendor.
4. Enter a New Vendor Bill with -$20.00 as the total.
5. Receive a new invoice #1235 in the amount of $200.
6. Create a New Vendor Bill to pay $200.
7. Go to Payables -> Checks -> Write Checks -> Pre-approve Bills. Approve the negative and positive amounts.
8. Go to Payables -> Checks -> Write Checks -> Write Checks for Pre-Approved.
9. When you print the check the amount will be $180.
For example:
1. Receive invoice #1234 in the amount of $100.
2. Create a New Vendor Bill to pay $120. (Payables -> Vendor Bills -> New Vendor Bill)
3. Receive a credit notice of $20 from your vendor.
4. Enter a New Vendor Bill with -$20.00 as the total.
5. Receive a new invoice #1235 in the amount of $200.
6. Create a New Vendor Bill to pay $200.
7. Go to Payables -> Checks -> Write Checks -> Pre-approve Bills. Approve the negative and positive amounts.
8. Go to Payables -> Checks -> Write Checks -> Write Checks for Pre-Approved.
9. When you print the check the amount will be $180.