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 → accounting → vendor
Hover on a vendor, click on vendor credit.
- Go to wp-admin → accounting → expenses
Click on Vendor Credit button from the top.
On 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.