Customers' Credit Journal

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Credit Note to customer have 2 nature; first is returned goods and second, dollar  value discount. The effect is to reduce what the customer owes to your company.
Dollar value discount could be bad debts adjustments, sales discount or rebate.

 

: Customers' Credit Journal ( Rebate, credit note or adjustments)

 


Exercise:  Assuming you need to give dollar rebates to a customer for sales target achieved.

 

Click A/c Entry --> Customer Credit Journal, click [Add]

                                                                                                                 

 

 

 

 

Follow the steps from [1] to [7]

 

 

 

 

At Receipt, you need to offset this credit note against the customer's invoice as indicated by the customer's payment advice.
 
Customer pay a net amount of $1,605 for invoice 0000152 less credit note CCN0000036 ($2140 - $535)

 

 

 

 

 

To issue a Credit Note to Customer Due to Over-charging or Discounts

 

Exercise: Assuming Inv 4001 goods delivered was over-charged by S$10.00 per piece.

         

 

 

Do you know that you can enter the cutomer's credit note amount inclusive of GST...Read more...
 

     
For illustration purpose, your company is GST registered,  you give a credit note of $161 inclusive of GST at the prevailing rate to your customer.

Enter the amount inclusive of tax and the system will re-gross back to before tax amount
 

       As at 10/06/2021        

 

 

Print Credit Note ...Click here

             


Related Topics

Receipt with Invoice against Credit Note

 

Tax - [S] Output Tax

 

FAQ : How to Contra full invoice with Credit Note ?

 

 

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http://realtimme.cloudapp.net/basic/index.html?Customer_Credit_Journal.htm