CRMLeaf Vendor Credits: Ensuring Accurate Vendor Account Management

The Vendor Credits feature in the Work module of CRM Leaf is used to manage and record credit notes issued by vendors. These credits may result from returned goods, over payments, or discounts offered by the vendor. This module ensures transparent financial adjustments and maintains accurate vendor balances.
A Vendor Credit is a credit note issued by a vendor to your business, reducing the amount you owe. It can be applied to future bills or refunded, depending on the agreement with the vendor.

Each vendor credit entry in CRMLeaf includes:

• Credit No– A unique identifier for the credit note.
• Vendor Name– The name of the supplier who issued the credit.
• Credit Date – The date the credit was issued.
• Total – The total credited amount.
• Status– Indicates whether the credit is available, partially applied, or fully applied.
• Action – Options to view, edit, apply, or delete the credit record.

Exporting Vendor Credits

Vendor credits can be exported by default in Excel (.xlsx) format, allowing you to:

• Maintain offline records
• Share data with accounting or finance teams
• Use the information for audits or reconciliations
  The export includes all essential details such as credit number, vendor name, date, amount, and usage status.

Why Use Vendor Credits?

• To record product returns or cancellations
• To apply discounts or correct overcharges
• To adjust future payments accurately
• To maintain transparent and up-to-date vendor accounts

CRM Leaf’s Vendor Credits feature provides a professional and efficient way to handle supplier-related financial adjustments. It ensures that every credit is documented, traceable, and properly applied to maintain clean and accurate records.