If you have requested Credits when entering an Invoice, those Credits will be listed and ready to be reconciled. This is a good tool to keep track of any requests and generate reports for how many Credits were requested for a Supplier, or if a Credit was received.
To View Outstanding Credits:
NOTE: Have your Credit Invoice to refer to.
1. Click
Invoice (Main Menu
Toolbar).
2. Click
Reconcile Credits (Invoice Toolbar).
3. Select Outstanding Credits to view ALL outstanding Credits. Or, choose the Select Supplier drop-down to choose the Supplier for the Credit.
4. A listing of all outstanding Credits for this Supplier will be shown.
5. Highlight the Items that you have received by CHECKING the box to the right.
6. Make sure the correct credit amount appears as listed on the Invoice. If not, you will need to edit the credit balance.
7. Once
complete, click Reconcile .
8. A window will appear asking for the following information: Credit Number, Date of Credit and Credit Total. Enter information from your printed Invoice.
9. Click Process to complete the Reconciliation.
NOTE: The amount must balance to the Credit Note.