Vendor credit memos

Vendor credit memos are prepared when we want to return the purchased goods/ raw material to the vendor of our company.

In order to know that how to make vendor credit memos in peach tree accounting software, click on the Tasks menu and then select Vendor Credit Memos, as we can see below

Then the following screen will appear

In this screen, select the vendor from the drop down list of vendor ID (whom we want to return the goods).

Note:

If we had purchased the goods from our selected vendor through an invoice, the Apply to Purchases tab will automatically shift to Apply to Invoice No. tab, otherwise do not shift.

Here we can see that by selecting that vendor from whom we had purchased the goods through invoice, the Apply to Purchases tab had shift to Apply to Invoice No. tab

Now we have to select the invoice number from the drop down button in front of Apply to Invoice No., as we can see below

By selecting the invoice number, the software will give us the details of the goods we purchased from our vendor, as we can see below

Now we have to give the Credit No. and the date in the Date

And after that the quantity of the returned goods in the Returned, the software will automatically make the total of the returned goods.

Then we have to press the Alt + s or the Save button in the header to save this vendor credit memo.

Note:

We can also view the previous vendor credit memos by clicking on the option of the Open in the header.