Vendor Credits

Vendor Credit note is the transaction that reduces the money owed to vendor for the future transactions. When the vendor credit is created amount owed to vendor will be reduced by amount of credit issued.

New Vendor Credit

Details which can be enter in New Credit note are in three segments. Those are customer, Credit and items.


  1. Go to Purchases
  2. Click on Vendor Credit
  3. Then click on New Credit
  4. Click on customer field
  5. Select the Vendor from the dropdown menu

Vendor Credit

  1. Enter Credit note number
  2. Enter date by selecting from the calendar
  3. Give the reference
  4. You can upload documents by clicking upload filed

Line Items

  1. Select the item from the dropdown menu
  2. Once the item is updated, description, Quantity, and rate will get updated automatically
  3. Account will not be updated. Need to select the account from the dropdown menu.
  4. If tax was updated when item was created, Tax field will get updated automatically
  5. If not tax needs to updated manually
  6. You can change the description, quantity and rate if needed
  7. Update the tax if tax was not updated automatically
  8. If quantity or rate was changed amount should also change
  1. Enter additional notes and terms if needed
  2. Click save to vendor credits