Issue Credit Memo

Issue Credit Memo

A Credit Memo is an amount owed to you by your vendors.  

A credit memo might be issued if you have prepaid for supplies, mistakenly overpaid for supplies, or returned supplies for a credit. 

To issue a credit memo: 

Select the desired vendor and select Misc/Credit Memo from the Accounts Payable menu .  

Enter the credit amount. You do not have to enter the amount as a negative amount. The system already knows to make it a credit amount. 

To apply the credit to a payment: 

When marking invoices for payments, enter the credit amount in the Marked field as a negative amount.  

Unique will then subtract the credit from the total due for the account.