From the Accounting Menu choose Payables --> Vendor Credit Memo
- Enter the appropriate brokerage
- Enter the appropriate Fund (Trust, Commission, or Operating)
- Enter the Vendor you that is issuing the credit
- Enter the Appropriate account for the Vendor you wish credit
- Date = the date of the Credit, or the first of the month if the date of the credit is in a previous month.
- Reference = The Invoice # that the credit is being applied to
- Choose Taxable or Non-Taxable
In the Lines Grid
- Add a line
- Enter the account #
- Enter a description of the credit
- Enter the Subtotal before GST that is being credited
- Modify the taxes if necessary
- Repeat if there are other accounts that need to be credited
The Total Should be the Amount of credit on the Invoice
Click Post
IF APPLICABLE - Go to the Applied Document Tab and Find the Vendor invoice that the credit is for and apply the credit to the appropriate Vendor invoice.
Scan and attach Documents if there are any.
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