Credit Memo

When entering a credit memo from a vendor and posting it; it makes the amount we owe the vendor more instead of less.  Has anyone else experienced this?

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  • 0

    HI Shawn,

    I'm guessing this is in AP.  You are correct, creating a Credit Memo will increase the balance of what you owe to your Vendor.  Its the Debit Memo that makes it decrease.

    In AR, its the opposite, where CM will decrease the balance and DM will increase it.

    Hope this helps.

    Thank you,

    TonyD

Reply
  • 0

    HI Shawn,

    I'm guessing this is in AP.  You are correct, creating a Credit Memo will increase the balance of what you owe to your Vendor.  Its the Debit Memo that makes it decrease.

    In AR, its the opposite, where CM will decrease the balance and DM will increase it.

    Hope this helps.

    Thank you,

    TonyD

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