In addition to invoices and payments, there are additional transaction types you can enter and post in Accounts Payable to affect outstanding balances for vendors on file. Vendor Credits can be created and posted to reduce the overall balance for the vendor. Vendor Debits are similar but will increase the vendor overall balance.
Vendor Credit and Debit entry screens are very similar to Invoice entry, with all the same fields available. Typically, the Terms code is not populated since these likely won’t be due in the future.
After a Vendor Credit or Debit is posted, you might choose to apply them to outstanding invoice to either decrease or increase the invoice balance.
