Supplier Credit Notes/Memos

Suppliers pass on benefits of promotions, returns, corrections etc. to the business through Credit Notes. These are used to set off against invoices and bring down the liability.

You can account for Supplier Credit Notes/Memos in CREST ERP using the ACCOUNTS PAYABLE > Credit/Debit Memo feature

The homepage lets you search and list Credit Memos.

You can filter the search results by Credit Memo status, Supplier ID or date range. Credit Memos can be any of these five statuses: In-process, Approved, Posted, Paid and Void.