Issue Credit Note
A credit note or credit memorandum
(memo) is a commercial document issued by the seller to the buyer. The seller
issues a credit note for the same of lower amount than the invoiced amount, then
repays the money to the buyer or sets it off from balance due from other
transactions.
A credit note lists the products,
quantities and agreed prices for the products or services the seller provided
the buyer, but the buyer returned or did not receive. It can be issued in the
case of damaged goods, errors or allowances. The credit note reduces or
eliminates the amount the buyer has to pay.
In Mr Accounting, the Issue
Credit Note in the
Invoicing module refers to a sales credit note, whereby we are
issuing a credit note to a customer from the viewpoint of a seller. You can pick
up an invoice details from the transaction screen. Similar to the invoice, the
accounting double entries are posted for the credit note after you have saved
the transaction.
Credit Note Quick View screen
Select New to create new credit note or double click a credit note entry to edit. The transaction screen is the same as the Issue Invoice and Issue Debit Note transaction screens earlier.
1.
Pickup Invoice
function: You can pick up the details of a created
invoice so that you can easily see what quantities and amounts were invoiced.
Note: If you use this function, you still have to
match the credit note to the selected invoice in Customer
Receipt
under Matching
(CN/Receipt).