Initiating a credit memo
When returning an item to a vendor, create a Credit Memo that will update your inventory and
billing. The inventory update will finalize when you select the Receive PO action.
- Go to Inventory > Purchasing.
- Select Create New Purchase Order and set the PO type to Credit Memo.
- After you set the details on the newly created Credit Memo, you can add products and do
most actions available for normal POs. - To finalize the Credit Memo, you must select the action Receive PO from the purchasing
list. This will mean that the items are returned to the vendor and they will be subtracted
from your inventory. You can also open the Credit Memo and select Ship Credit Memo
from the Action Menu.
If you want to create a Credit Memo from an existing Purchase Order, open the PO and select Create Credit Memo from the Action Menu.
Creating a credit memo
When returning an item to a vendor, create a Credit Memo that will update your inventory and billing. The inventory update will finalize when you select the Receive PO action.
- Go to Purchasing > Create New Purchase Order.
- Complete the Company, Vendor, PO Type, and Expected Delivery. The PO Type should be set to Credit Memo > Click the arrow.
- Select Add Products. You can search using filters or a SKU list.
- Or, upload products in bulk with an import file: Download template > Populate columns > Save > Click to upload file > Upload.
- Select products > Continue > Select products > Add Selected.
- Click the blue arrow > Complete Billing Address and Ship To windows. When finished, click the green flag.
- Select Ok. On the details page, you can edit any information, add or edit products, and more.
After you set the details on the newly created credit memo, you can add products and do most actions available for normal POs.
To finalize the credit memo, you must select the action Receive Whole PO from Actions. This will mean that the items are returned to the vendor and they will be subtracted from your inventory. You can also open the credit memo and select Ship Credit Memo from Actions.
If you want to create a Credit Memo from an existing Purchase Order, open the PO details page and select Create Credit Memo from Actions.
