Applying a Vendor Refund to a Credit Memo
When you receive a vendor's refund, you must apply that refund to the original
vendor credit memo to clear both transactions from the ledger. This is the third step in processing a vendor refund. To reconcile the vendor credit memo and refund check, do the
following:
- From the Tasks
menu select Payments.
- Enter or select the vendor ID.
- Both the credit memo and refund check appear in the line-item list
of the Apply to Invoices tab.
- Select the Pay
check box for both transactions.
- Enter a payment reference number, and select Save. This will clear both the credit
memo and refund check from the Vendor
Ledger.
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