Credit notes are just negative invoices.
To issue a credit note create a new invoice and choose the ‘Credit Note’ option.
Enter data exactly like an invoice on the ‘Enter Invoice Data’ screen.
Beware crediting money back to the right place in the invoice.
- A credit of $200 off your services need to be entered as the excluding GST amount in the professional services field.
- A credit of $200 off a disbursement needs to be entered as a GST inclusive amount on the Disbursements tab
All figures are entered as normal monetary values – not negatives – as the fact that it is a credit note will deduct the amount from the account.