Vendor transactions that are reversed can be posted to the General ledger as correction transactions.
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Click Accounts payable> Setup> Parametersto open the Accounts payable parametersform.
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On the Updatestab, select the Credit note as correctioncheck box.
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Press CTRL+S or close the form.
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Click Accounts payable> Common Forms> Vendor Detailsto open the Vendorsform.
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Press CTRL+N to create a vendor account, or select an existing vendor.
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Click Transactionsto open the Vendor transactionsform.
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Select the transaction to reverse.
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Click Reverse transaction.
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In the Reversal posting datefield, select the posting date for the reversed transaction.
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Click OKto complete the transaction.
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Press CTRL+S or close the Vendor transactionsform.
