Associating a Vendor Credit With a Deposit
In your NetSuite account, you can associate a vendor credit with a bank deposit.
If the vendor has sent you a refund by cash or check, you first need to record the deposit.
To record a deposit:
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Go to Transactions > Bank > Make Deposits.
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On the Deposits subtab click the Other Deposits subtab.
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Enter the vendor Name.
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Enter the Amount.
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Enter the accounts payable account beside the amount.
Be sure this is the same Accounts Payable account on the Vendor Credit.
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Click Save.
To associate the vendor credit and the deposit:
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Go to Transactions > Payables > Pay Single Vendor.
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In the Payee field, choose the name of the payee.
The bill credit and the deposit appear in the list at the bottom of the page.
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In the Account field, choose the account in which you deposited the vendor's refund check.
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Verify the Exchange Rate.
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Verify or enter a Date.
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If you use accounting periods, in the Posting Period field, choose the period you want this transaction to be recorded in.
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Click the Apply subtab.
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Check the boxes in the Apply column next to the bill credit and the deposit.
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Click Save.
Note:After you pay the vendor, your vendor credit and deposit are associated in NetSuite.