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My vendor provided a discount after I purchased the goods. How do I record this in Zoho Books?
If your vendor provides a discount on goods post purchase, you can record it in Zoho Books as vendor credits. Here’s how:
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Go to the Purchases module in the left sidebar and select Vendor Credits.
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Click + New on the top right corner of the page to create a new vendor credit.
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On the New Vendor Credits page:
- Enter the required details.
- In the Item Table section, enter the discount as a line item. You can provide a meaningful text such as Post purchase discount.
- Select the Account with which you want to associate the discount.
- Enter the discount provided in the Rate column.
- If the discount is taxable, select the appropriate Tax.
- Click Save as Draft or Save as Open.
You can apply these vendor credits to future transactions with this vendor.
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