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Vendor Credits

  • 1.  Vendor Credits

    TOP CONTRIBUTOR
    Posted 4 days ago
    Hello,

    Does anyone have a good webinar or documentation that explains how vendor credits work. I know we have to apply them before we run our check run. It seems weird to me that you have to apply and GP doesn't just take the credits and deduct them from any open invoices. We are using MEM so that might have something to do with it. Thanks!

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    Amber Schmoll
    Accounting Supervisor
    Milk Source LLC
    Kaukauna WI
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: Vendor Credits

    GPUG ALL STAR
    Posted 4 days ago


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    Jo deRuiter
    🌟 GPUG ALL STAR
    💫Granite Award Winner
    Atlanta Chapter Leader
    Aisling Dynamics Business Solutions
    Business Applications Practice Manager
    jo.deruiter@aislingdynamics.com
    9518674366
    aislingdynamics.com
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    Academy - Online Interactive Learning from Experts


  • 3.  RE: Vendor Credits

    TOP CONTRIBUTOR
    Posted 4 days ago

    When I select a vendor or vendor class to pay invoices with a particular Due Date, any credits are picked up without manually applying them to an invoice.  I have used that option.  I prefer top control the situation.  I apply the credits to one or more invoices manually and then select the invoice(s) for payment.  

    I had a situation of GP2015 auto-applying, that the zeroed-out invoices did not show on the remittance stub.  



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    Thomas Hill
    Staff Accountant
    M&A Technology, Inc.
    Carrollton TX
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    Academy - Online Interactive Learning from Experts


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