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supplier credit memo

  • Jun 29, 2020 11:06 PM UTC
  • 3 replies
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We use Inventory Valuation Method = Weighted Average (on Apps9) and we receive inventory parts from a PO and we match the supplier invoice and pay the supplier.  Then the supplier sends us a credit. Our Supplier Invoice Consideration = Transaction Based and we would expect this credit to update the inventory value of the part.  How should this credit be processed?  We have never set up any type of “supplier credit” series but maybe this is possible?

Best answer by Adam Bereda

How did you match the credit note against receipt? Did you use price adjustment?

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3 replies

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  • Author
  • Do Gooder (Customer)
  • Jun 30, 2020 4:30 PM UTC

I have found that SI is used for both debit & credit so I submitted a manual supplier invoice against an inventory part that was already invoiced & paid.  This worked fine but it did not adjust the value of the inventory as needed.  I had hoped this was would with Supplier Invoice Consideration = Transaction Based.  Am I missing another step?


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  • Hero (Customer)
  • Answer
  • Jun 30, 2020 4:56 PM UTC

How did you match the credit note against receipt? Did you use price adjustment?


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  • Author
  • Do Gooder (Customer)
  • Jun 30, 2020 5:04 PM UTC

No, I didn’t even realize that was an option.  That worked perfectly.  Thanks!!