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Credit Note From Vendor

Warren Hamilton
Warren Hamilton
  • Updated

Create credit notes from vendor in the system which can be matched to an existing invoice or be a free credit note.

 

 

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Accounts Payable and Credit Note From Vendor.

 

 

Guide

1. Click the Create New button.

2. Under Details, set up the following:

  • Business Entity
  • Vendor
  • Vendor Credit Note
  • Main Currency - select from the dropdown
  • Credit Note Control Total
  • Vendor Credit Note Date
  • Invoice Type - Insurance, Other Expenses, PO, Staff Reimbursement or Utilities
  • Transaction Type Group - General
  • Transaction Type - Capex, Emergency, Opex
  • Description

3. Under Credit Note Items, click the Add Credit Note Item button and set up the following:

  • No.
  • Invoice Item
  • Expense Recognition Date
  • Description
  • Reason
  • Tax Code
  • Amount
  • Amount & Tax - automatically computed
  • Once done, click the Update button

4. Under Vendor's Information, double check the vendor details.

5. Once done, click the Submit for Approval button.

 

 

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