Purchases > Recording and settling supplier debits
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Glossary Index
Recording and settling supplier debits
A supplier debit is money that a supplier owes you.
To process a supplier debit, you first need to record a debit transaction and then record the settlement of the debit (for example, by recording a refund cheque from your supplier).
Recording supplier debits
You can create a supplier debit in one of two ways:
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Reverse an existing purchase. Use this method if you have been debited for the entire purchase.
■
Manually create a debit. Use this method if you have been debited for part of a purchase.
To reverse an existing purchase
To manually create a debit for a non-item purchase
To manually create a debit for an item purchase
Related topics
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Settling supplier debits

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