What is a Vendor Credit?
A vendor credit is something you enter when you have credit for something with a vendor. Maybe you're such a good customer with Apple because you buy 10,000 iPads a year, so Apple decided they're going to give you the value of your next 100 iPads in-store credit. You would enter this credit in by using that Vendor Credit feature, and then when you get a bill from Apple, you can use the Vendor Credit to pay it down.
Creating a Vendor Credit
There are two ways you can create a vendor credit.
- Go to WP Admin Dashboard → WP ERP → Accounting → Vendors
Hover on a vendor, click on Vendor credit.
- Go to WP Admin Dashboard → Accounting → Expenses
Click on Vendor Credit button from the top.
In both cases, the same form will be loaded. Select the vendor from the drop-down list and fill out the form.
You can check on the vendor page or the expenses page to see if it was updated.