Offset Vendor Credit Memo and Invoice

(0) Share

Report

Posted on by MahGah

15,581

We send a product back to Vendor (RA) and we received it back in new PO. Now we have credit memo and invoice for the same cost. is it any way in BC that we can offset this Credit Memo and Invoice with each other?

Thanks

I have the same question (0)

All responses (3)

Answers (1)

Suggested answer

Vaishnavi J 3,094 on at

Like (0)

Report
Copy link

Link copied!

Hi,

if you have credit memo and invoice separately posted you can apply it using Apply Entries action in Process Tab on Vendor ledger entry to balance it out.

If my answer was helpful to you, please verify it so that other users know it worked. Thank you very much

Was this reply helpful? Yes No
Verified answer

Jeffrey Bulanadi 9,106 Super User 2026 Season 1 on at

Like (0)

Report
Copy link

Link copied!

HI MahGah,

What you can do is upon creating your credit memo, there should be a Application fast tab in where you can define to which Invoice document no or id you want to apply your credit memo in order to offset.

Please mark as resolve if you believe this will help you. Thank you.

Was this reply helpful? Yes No
MahGah 15,581 on at

Like (1)

Report
Copy link

Link copied!

Hi fantastic community

Thanks for these solutions. they were really helpful

Was this reply helpful? Yes No