How to tutorials

Create A Purchase Credit Adjustment Note Video


An easy to follow and step by step video tutorial on the set up of the purchase credit adjustment note function on the Financials for Office 365 Lite Edition. 

You usually receive purchase credit memos when you return items to a vendor, but you can also receive them as compensation, such as a purchase allowance. In addition, you can use a credit memo to correct an incorrect purchase invoice.

When you post the credit memo, Financials creates a posted credit memo. If you have selected the Return Shipment on Credit Memo field, posting the credit memo will also create a posted return shipment.

From the credit memo, you can copy all types of purchase documents, quotes, orders, invoices, receipts, and return shipments.

You usually receive purchase credit memos when you return items to a vendor, but you can also receive them as compensation, such as a purchase allowance. In addition, you can use a credit memo to correct an incorrect purchase invoice.

When you post the credit memo, Financials creates a posted credit memo. If you have selected the Return Shipment on Credit Memo field, posting the credit memo will also create a posted return shipment.

From the credit memo, you can copy all types of purchase documents, quotes, orders, invoices, receipts, and return shipments.

If you use the invoicing facilities, it is a good idea to use purchase credit memos too. They make it easier for you to manage your payables.