How to record Received Check from Vendor Refund

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:

1. Go to Transactions > Bank > Make Deposits (Administrator).
2. On the Deposits subtab click the Other Deposits subtab.
3. Enter the vendor Name.
4. Enter the Amount.
5. Enter the accounts payable account beside the amount. ( Be sure this is the same Accounts Payable account on the Vendor Credit.) 

6. Click Save.

3. To associate the vendor credit and the deposit:

1. Go to Vendor Dashboard > Transactions > Pay Single Vendor (Administrator).
2. 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.

3. In the Account field, choose the account in which you deposited the vendor's refund check.
4. Verify the Exchange Rate.
5. Verify or enter a Date.
6. If you use accounting periods, in the Posting Period field, choose the period you want this transaction to be recorded in.
7. Click the Apply subtab.
8. Check the boxes in the Apply column next to the bill credit and the deposit.
9. Click Save.

Your vendor credit and deposit are now associated in NetSuite.