AP Credit Note

AP Credit Note is used to give a debit amount to a creditor’s account. It may be used when a creditor offers you a discount/waiver to the amount of an existing AP Invoice when the original AP Invoice’s amount cannot be edited.

Creditor – Select a Creditor.

Date – Current date (i.e. today’s date) is the default provided.                                                        

Acc to be Credited – Select the account you want to credit.

Description – The Account Name of the selected Acc to be Credited will be provided as a default Description. You may add-to, edit or overwrite the default Description.

Fund – Select fund (if applicable). The default provided is the primary/main fund.

Amount – Enter the amount.

Cick ‘Next’.

Outstanding AP Invoice Items and Unapplied AP Debit Notes for that creditor will be listed out for selection.

Select the AP Invoice Item or AP Debit Note that you wish to apply the AP Credit Note to.

Cick ‘Save’ to save the AP Credit Note.