New to NetSuite | Procure to Pay: Creating a Vendor Credit

A Vendor Credit is a transaction to show Credit from a Vendor that you can apply to your Payables Account. Vendors might Credit your account if you Return merchandise to them or negotiate a discount after receiving an Invoice.

You can apply Vendor Credits to Vendor Bills when you make Payments, and the Credit decreases the Payable Amount due to the Vendor.

Ways to create vendor credits:

1. From Vendor Bill record > click Credit button

2. From Vendor Return Authorization (VRA) > click Refund Button

3. Create a Standalone Vendor Credit by going to Transactions > Payables > Enter Vendor Credits

4. Create a Standalone Vendor Credit