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Cyrious Control tracks the vendor's credit in the vendor record. The Vendor credit may be increased or decreased in several ways.

Adjustments to Vendor Credit

The following actions adjust the Vendor Credit account:

• Applying a Vendor Credit to an Bill.
• Creating a Vendor Credit Memo.
• Voiding a Bill but not the payments made from it.
• Adjusting a Bill's total price below the payment already made.
• Manually adding, reducing, or clearing a Vendor Credit.

Accounting Notes

GL Example

• Example #1. A Vendor applies $590 of its Vendor credit on file towards Bill #9876. The way the GL activity looks is:

Notes

• Default Division. When divisions are enabled, each Vendor in Control has a default division. The credit for a given client is always retained in the Vendor's default division. This means that Control must transfer the credit to the default division if it comes in to or out of another division. To accomplish the transfer, Control uses the InterDivision Vendor Credit asset account.
• Deleting or Moving Companies. When you change a Vendor's division or reassign a Vendor's records to a new Vendor in a different division, Control will reassign any outstanding Vendor credit from the old vendor to the new vendor.

See Also

• interdivisional_vendor_credits
• Reconcilling interdivisional_vendor_credits