You can create a vendor credit directly from a vendor return.
To create a vendor credit from a vendor return:
Go to Transactions > Payables > Enter Vendor Return Authorizations.
Click View next to the return authorization.
On the authorization, click Refund.
A new bill credit opens with information automatically filled from the return authorization.
If you have NetSuite OneWorld and you have defined vendor records that are shared with multiple secondary subsidiaries, you can associated this vendor credit with any of the subsidiaries assigned to this vendor. The items that can be credited reflect the combination of the selected vendor and subsidiary.
Verify the information showing on the bill credit and change or add information as necessary.
The bill credit is now available to be applied to open bills.