Vendor Bill Credits
How do I write off bill credits for a particular vendor created from a ChargeBack Case. We will not be applying the credits to future invoices and I want to remove them from the vendors balance.
Hello!
If I understand correctly you are looking to write off some outstanding vendor bill credits that are no longer applicable. You have options:
(1) Generate dummy vendor bills that offset the bill credits, apply them via a $0 vendor payment. This will give you the credit to AP needed to settle the vendor credits. The debits would presumably align to the vendor credit for a net zero impact.
(2) Generate a journal entry to credit AP and debit whichever GL account you need to e.g. to reinstate the expense, post to a write off account, etc. then apply them via a $0 vendor payment.
There are alternatives, but I would recommend one of these options depending upon your internal processes.
I hope this helps!
Sonny
@tmann did this help? If so please mark as the best answer. If not, help me understand your use case further so I can assist. Thanks!
Great. Thank you. I ended up using option 1, generated dummy invoice and my vendor is now showing a zero balance.
