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How to do credit notes on Freeagent
I haven't had to do credit notes before and maybe I'm looking too deeply at it, but how do you set up a credit on freeagent?
I’m know its probably easy but I can't see it!!!
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Inappropriate?Karen,
If you create an invoice with a total negative value (by entering one or more negative invoice items) it will be titled a Credit Note instead of an Invoice. -
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Inappropriate?Rich,
All the appropriate effects on the Sales, Trade Debtors and VAT accounts are handled automatically, but we're not yet able to apply the credit note against an existing invoice unfortunately.
Does that answer your question? -
Inappropriate?Thanks. I had a play on the demo site with this and like the way it turns the invoice into a credit note and has a knock on effect on the accounts by reducing sales.
I’m happy
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Inappropriate?I invoiced a wrong amount, then created a credit note to cancel out that invoice, and created a new correct invoice.
now my balance is correct, but the first invoice and the corresponding credit note are not marked as PAYED. Should I do that? The customer did not actually pay, and I did not actually refund. No transactions happened in my real bank account. If I mark them as Payed, do I then not pretend some real life bank transactions that can't be found on my bank statement, and would that be wrong?
How should such a situation best be handled in freeagentcentral?1 Comment
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This answers the question
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I have the same query as Mikkel.
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