Vendor Credit Memo Question.

[Valien]

Hi there.

We are using PT2006 Distribution.

I have a 1250 credit from a vendor that was put on my account for a product promotion. I had our vendor use that amount to pay off 6 invoices. How do I go and put this in PT properly?

When I try to create a Vendor Credit Memo and I select the invoice to be credited it wants me to return those items.

But if I select Payment to set the invoice as paid it wants me to print a check.

How do I put it in so that I can pay off these invoices without doing either of the above?

Thanks.

~Allen

[Lisa_p]

Enter a vendor credit memo, but don't apply it to an invoice. Click on the other tab and enter the GL account that you want to hit for the credit.
If you don't have the GL account available on the screen, go to Options, Global and unhide GL accoutns for Accounts Payable.

Then go to payments and apply the credit against the outstanding invoices. You can wait and do that when you actually make your next payment.

[Valien]

Lisa,

Hi there. Thanks for the info. I did that and assigned it to GL account 59000 (Product Returns and Allowances). When I save the memo it still says Unapplied. I then went to Payments and selected the invoices that I had it applied to and also selected the right cash account # as well. I selected everything and hit save, but now the cash account says -1250 instead of 0.

I think I'm getting closer..just missing something it seems.

~Allen

[Lisa_p]

did you also select the credit memo?