Processing Credits

You process a credit when a vendor reduces the amount you owe. Processing a credit includes the following procedures.

First, create a payable with a Type of Credit. See “Creating a Payable Batch”.

Second, approve the credit. See “Approving Payables”.

Third, process a check that includes both the credit and invoices to the same vendor. The total of the invoices must be the equal to or greater than the amount of the credit. The Payment Method for the invoices must be Check. See “Processing Checks”.

Credits must be balanced by invoices with a Type of Invoice and a Payment Method of Check. Voyager ignores credits that are not balanced by a positive amount.