Open the Posted Purchase Credit Memo window.

Specifies a posted purchase credit memo.

If you want to return items to your vendor or cancel services that you have purchased, then you can create and post a purchase credit memo that specifies the requested change with regard to the original purchase invoice. You can use the Copy Document function to fill the purchase credit memo with the correct purchase invoice information.

Typically, you create a purchase credit memo in reaction to a credit memo sent to you by a vendor. The purchase credit memo functions as your internal documentation of the credit memo process for accounting purposes.

The change may relate to all the products on the original purchase invoice or only to some of the products. Accordingly, you can partially return received items or demand partial reimbursement of received services. In that case, you must edit the copied purchase invoice information.

Note
If a posted purchase invoice has not yet been paid, then you can use the Correct or Cancel functions on the posted purchase invoice to automatically reverse the involved transactions. These functions only work for unpaid invoices, and they do not support partial returns or cancellations.

Related Tasks

The following table shows tasks that are related to the Posted Purchase Credit Memo window, with links to the topics that describe them.

ToSee

Create a purchase credit memo to revert a specific posted purchase invoice to reflect which products you are returning to the vendor and which payment amount you will collect.

How to: Process Purchase Returns or Cancellations

Perform an action on an unpaid posted purchase invoice to automatically create a credit memo and either cancel the purchase invoice or recreate it so you can make corrections.

How to: Correct or Cancel Unpaid Purchase Invoices

Tip

See Also