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:

• Go to the Purchases module in the left sidebar and select Vendor Credits.

• Click + New on the top right corner of the page to create a new vendor credit.

• 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.