How to Record a Purchase Credit Note

If your supplier credits your account (eg. for returning faulty goods), you need to create a purchase credit note. This purchase credit note can later be allocated to a purchase or paid as a refund.

To create a purchase credit note, click menu File > New > Credit Note.

Change the Document Type to 'Purchase Credit Note':

Purchase Credit Note

Enter the details of the credit note into the following fields:

Once you've entered the credit note details, click OK to save it. The credit note will appear in the Purchase Invoices list (accessible by clicking menu Window > Invoices).

After you've created a purchase credit note, you should record a supplier refund or allocate the credit to an invoice.