'Credit from past subscription' is marked next to a customer's payment, when an upgrade/downgrade has been made and credit has been a carried across from a previous payment.
The customer payment tab can be found under Customers>Customer List>Select customer name>switch to payment tab.
For more information on the payment and credit, click 'Full Details':
You will now be able to see the total credit that was applied from a past membership, along with various other information on the transaction.
For more information on upgrades/downgrades and why credit is sometimes applied, see: http://support.goteamup.com/knowledgebase/articles/465864-upgrade-or-downgrade-a-membership-on-behalf-of-a-c
FAQ: What is 'credit from past subscription'?
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