What to do when a credit memo was entered for a vendor but they sent a refund check to account for the credit

If a vendor sends a refund check and they also have an existing credit memo that is partially applied OR the credit is for a one-time vendor, it's important to know how to record this information in The Financial Edge.

1. Create a dummy invoice to apply to the partially applied credit or one time credit
2. Create a deposit adjustment to increase the bank's balance and account for the refund from the vendor
 

Environment

 7.86.93 patch 2

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