Credit notes
Credit notes
The credit notes issued by an organization for a customer can be created using the Credit Notes page. Credit Note can be issued as a goodwill gesture, in case buyer wants to return previously purchased goods, instead of providing cash refund. The credit note is generally issued for a value less than or equal to the amount on the invoice. Payments can also be disbursed against a Credit Note. The General Ledger Entry created for a particular credit note can also be viewed herein (see figure 1).
(Figure 1 - Credit notes)
To create a Credit Note click on the add button on the toolbar of the page. The following pop-up will appear. Enter the information as explained below and click on save once done (see figure 2).
(Figure 1 - Credit notes entry)
Different fields in the pop up are:
Credit Note Date : enter the date on which credit note is issued
Customer : enter the name of the customer for whom the credit note is issued
Net payable : enter the amount for which credit note is to be issued
Remarks : enter relevant remarks
Document ID : enter a relevant document using the browse button