Purchases

Handling vendor debits

In MYOB Premier Accounting, a vendor debit is a transaction that indicates a vendor owes your company money. You can create a vendor debit in several ways.

When you're ready to settle a vendor debit, you can do so in two ways. You can apply the debit to one or more of your unpaid purchases from that vendor or you can indicate that you received a refund -- cash, check or credit card -- from the vendor for the amount of the vendor debit.