Peachtree and Sage 50 Forums      

Go Back   Peachtree and Sage 50 Forums > Peachtree and Sage 50 software > Peachtree / Sage 50 Accounting forum

Thread Tools Display Modes
Old 05-07-2020, 03:33 AM
F. Bafagih F. Bafagih is offline
Registered User
Join Date: Apr 2020
Posts: 3
Adjusted vendor invoice amount

We have a contract with one of our vendors for an entire year. We normally pay them every quarter either by cheque or electronic transfer of funds for the three months' service rendered. Recently, they gave us a discounted price for the monthly charge from the beginning of the month till the end of the year. The original bill that was entered was for the full amount for the year. How can I record the adjustment in Sage50 to reflect that the amount has reduced?
Reply With Quote
Old 05-07-2020, 06:06 AM
SteelerFan SteelerFan is offline
Registered User
Join Date: Jan 2009
Location: Pittsburgh
Posts: 192
You can issue a credit memo (negative purchase).

You can also edit the original purchase invoice to the new amount, and your vendor ledger will show a credit balance.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump

All times are GMT -7. The time now is 06:18 PM.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
all contents copyright (c) by AccountingUsers Inc.