When your vendor refund your money into your bank we credit a Vendor bill and create deposit.
Please see below steps:
1. Click Credit on Vendor Bill
2. To record a deposit:
- Go to Transactions > Bank > Make Deposits (Administrator).
- On the Deposits subtab click the Other Deposits subtab.
- Enter the vendor Name.
- Enter the Amount.
- Enter the accounts payable account beside the amount. ( Be sure this is the same Accounts Payable account on the Vendor Credit.)
- Click Save.
3. To associate the vendor credit and the deposit:
- Go to Vendor Dashboard > Transactions > Pay Single Vendor (Administrator).
- 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.
- In the Account field, choose the account in which you deposited the vendor's refund check.
- Verify the Exchange Rate.
- Verify or enter a Date.
- If you use accounting periods, in the Posting Period field, choose the period you want this transaction to be recorded in.
- Click the Apply subtab.
- Check the boxes in the Apply column next to the bill credit and the deposit.
- Click Save.
Your vendor credit and deposit are now associated in NetSuite.