How do I manage vendor credits?
To create vendor credits:
- Navigate to the preferred vendor under Contacts.
- Click on the New Transaction button.
- Choose the Bill Payment option from the drop down.
- A new page opens up.
- Here you can record payments for all the existing bills - paid in full or partially or you can also record excess payments and save it.
- The amount in excess will be recorded as vendor credit which can be used against future bill payments.