Using Credit Notes

1

I have raised a credit note for a client and would like to allocate (pay) this against the invoice which is still showing as outstanding. Anyone have any ideas.

2

This will change but for the time being, create new Journal Entry.

In journal entry:

  • debit account Accounts receivable : Credit Note #1
  • credit account Accounts receivable : Sales Invoice #123

This will basically allocate credit note to sales invoice.

3

Hi Lubos

Thanks for that. What I did instead was to delete the credit note that I had raised.
Then I raised a negative invoice instead. I then paid both invoices into an unallocated funds account.