how to maintain vendor credit memo?

How to maintain Vendor Credit Memo?

Whenever we want to maintain an account for return of goods which are previously purchased. First of all we will prepare “Vendor Credit memo”.

Now we will move on task menu then select “vendor credit memo”.

When we click on credit memo, the following screen will be shown.

Some information is shown as under related to “credit memo”

Ø Vendor ID

Ø Date

Ø Credit No

Ø Quantity

Ø Item

Ø Description

Ø Unit Price

Ø Amount

 In “Apply to Purchases” after selecting the vendor ID we will move to “Apply to Invoice No”.

When we click the Enter button then it will calculates automatically the total amount.

Now we will save this information.