How to Create a Vendor Credit/Credit Memo

This article will guide you on how to create a manufacturer credit memo within a work order. By the end of this tutorial, you'll know how to apply a credit memo to an invoice and sync it with your accounts.

Step 1: Start by opening the work order and click on Payments.

Step 2: Click on Add new Adjustment.

Step 3: Notice how the invoice number is automatically populated.

Step 4: Choose Manufacturer from the options.

Step 5: Proceed to select adjustment.

Step 6: Type in "credit memo". The manufacturer and the manufacturer balance will auto-populate. Modify this if the credit memo differs.

Step 7: Click on save. This will redirect you to the adjustments page.

Step 8: Here, you'll notice a vendor credit. When you're ready to pay the vendor, this credit will be visible.

Step 9: Navigate to the manufacturer. Here, you'll find the credit memo.

Step 10: Select the invoice you wish to pay and the credit memo. The system will automatically deduct the credit memo from the total.

Step 11: Now, you're ready to sync this with your accounts as usual.

Step 12: The Bill in QuickBooks will show a zero amount due.

Step 13: You also have the option to add a vendor payment adjustment or a credit memo.

Step 14: To do this, click on Add new adjustment.

Step 15: Select the invoice number from the drop-down menu.

Step 16: Continue as previously instructed.

And that's it! You've successfully created and applied a manufacturer credit memo.