Vendor Credits - Overview

The Vendor Credits module in Zoho ERP helps you record and manage credits received from vendors for returned goods, billing errors, or overpayments. Using this module, you can track available vendor credits, apply them to future bills, process refunds when applicable, and ensure accurate accounts payable balances.

A typical vendor credit workflow includes creating a vendor credit, reviewing or approving it, applying the credit to open bills or recording a refund, and tracking its usage and status.