19. Account CreditEnglishالعربيةfrançaisTagalogहिन्दी

Account Credit

Account Credit - Can you create an account credit?

A Credit is created in order to receive money back from Suppliers of utilities and other miscellaneous bill payments that do not relate to product purchase. A Credit works just as a negative Bill and financial transaction posting (it will touch your accounts in the system). Credits are posted directly to an Account.

• Select Purchases Module.
• Select Credit button.
• Select a Supplier from the drop-down list Supplier Name.
• Select the Account Name from the drop-down list.
• Enter the Amount of the Credit.

Tax Code and Tax Amount will automatically load, if a code has been selected within the Account. If no code is attributed to the account selected you will need to manually select the code and the tax amount will auto-load thereafter.

• Enter a Memo in reference to the entry.
• Select a Customer from the drop-down list if this credit relates to a job you are doing for a specific Customer. This will reflect in your Job Profitability Report.
• Select the Department from the drop-down list, if your Company uses Departments. Otherwise leave it as Default.
• Enter any additional Comments into the Comments field if required.
• Internal Comments can also be entered - Internal Comments are of internal use therefore will NOT be displayed on the printed form of the Credit Note.
• Enter the Invoice and Credit Number.
• Select Choose Template if you wish to select a specific template to print the credit.
• Click Print to print out this credit.
• Click Save to save this credit transaction.

You can see all the Credits that you have created in the Bill List. The Type column will differentiate between a bill and a credit transaction.