Debit Memo

We have a new situ to post to our QB2000. The latest shipment of parts from a vendor contained a few discrepant parts that were rejected by Inspection. The vendor has not issued a credit memo and may not. Whether they do or not is immaterial. However, when we pay the invoice we would like to pay for the accepted quantity, debit their account for the discrepant parts, and include a Debit Memo with the payment. Credit Memo seems to be built into QB2000 and is in the Help index but I have been unable to find anything in the Help index about debiting an account in this way, or anything about a Debit Memo. When I searched for Debit Memo in this group, what came up didn't seem pertinant to this situ. Is it possible to do this in QB2000? All ideas and comments will be greatly appreciated. Thanks, K.

Reply to
kthr33
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You create your own credit memo for the vendor. A debit memo is the equivalent of a bill so that's why you're not finding any helpful information.

If you already have all the items listed in the bill from receiving them then create a credit memo for the vendor, list the items & amounts you're disputing, apply the credit memo to the next vendor payment so it'll deduct from the bill.

Credit Memos are not printable in QB because its assumed you have a physical credit memo from the vendor. Just type or handwrite an explanation for the deduction and detail the items you're disputing.

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Tee

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kthr33

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