Apply Credits to Invoices
APPLY CREDITS TO INVOICES
This
function is a feature within accounting profile that facilitates the
association of available credits with outstanding invoices. It
simplifies the process by guiding users through steps to specify the
amount of credit to be applied, ensuring accuracy and efficiency in
managing accounts receivable.
Step 1: Identify the Invoice
First,
locate the invoice to which you want to apply a credit. Once you've
found it, click on the invoice and navigate to the ACTIONS menu. From
there, select the MAKE PAYMENT option.
Step 2: Apply the Credit
After
clicking MAKE PAYMENT, a new window will appear. Here, mark the invoice
to which you're applying the credit. Next, you'll need to select the
"Credit Balance" option from the Method selector dropdown menu. Then,
enter the amount of credit you wish to apply in the Total field. Once
you've entered the correct amount, click "OK" to process the credit.
Note:
If you're applying a credit to a recurring invoice for the next month,
there's an additional step. Before applying the credit, you must use the
"Pay Future Invoice" function. This function generates the invoice for
the corresponding month. Once you've done this, you can apply the credit
to the invoice for that month using the same "Credit Balance" option.
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