vendor-credits

My vendor provided a discount after I purchased the goods. How do I record this in Zoho Books?

If your vendor provides a discount on goods post purchase, you can record it in Zoho Books as vendor credits. Here’s how:

  • Go to the Purchases module in the left sidebar and select Vendor Credits.
  • Click + New on the top right corner of the page to create a new vendor credit.
  • On the New Vendor Credits page:

    • Enter the required details.
    • In the Item Table section, enter the discount as a line item. You can provide a meaningful text such as Post purchase discount.
    • Select the Account with which you want to associate the discount.
    • Enter the discount provided in the Rate column.
    • If the discount is taxable, select the appropriate Tax.
Enter the discount as a line item
  • Click Save as Draft or Save as Open.

You can apply these vendor credits to future transactions with this vendor.

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