Applying a Credit at a Later Time

At any time you wish to apply the saved and remaining amounts of a credit, after closing the credit entry/apply window,

Select:

Invoice/Credit Selections -> Credit Adjustments -> Apply Credits

Next, select the method (single vendor or all vendors) to see a list of open credits available. Select the credit you wish to apply by clicking on the line with that credit. When the window showing the credit data appears follow the same procedure as above for applying the credit.

NOTE: Credit amounts are not entered into the General Journal until they have been applied against an invoice. Thus, the only amount reflected in the journals and general ledger are the amounts of credits applied. If a credit is entered into the database but not applied it has no effect on your financial reports. Deleting a credit which has not yet been applied also has no effect since it was never entered into your journals or ledger in the first place.