credits

When do I need to use a vendor credit note?

Vendor credits are the credits you receive from your vendor, representing the money they owe you. You can use them to keep track of what your vendor owes until they pay back, or you can use the credit to offset future bills with that vendor.

Scenario: Let’s say you ordered ten mobile phones from a vendor for your company’s employees and two out of these ten mobile phones arrive damaged to you. In this case, the vendor can issue a credit note for the damaged mobile phones’ value. They can choose to apply this credit to your next invoice with them, and you can track the amount you’re owed as vendor credits in Zoho Books. Learn about Vendor Credits in Zoho Books.

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