Enter a Credit

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There are a number of ways to add a credit to a debtor. Credit entries will automatically be created by Jim2 when:

a return from customer is performed

the amount tendered as payment is greater than the amount due/owing

a debtors adjustment down is entered

a debtors purchase order is completed

a payment has been made but not applied to an invoice.

 

A return from customer credit will either be applied to an outstanding account or left as an outstanding credit in that debtor's record.

 

If the amount received from a debtor is greater than the amount owed by that debtor, allocate what can be allocated. When saving the entry, a message will appear asking if the remaining amount is to be applied as a credit.

 

applyascredit

 

Debtors adjustments down can be used to increase a customer's credit balance. Debtors adjustments can be applied to invoices in the same manner as a credit/return from customer.

 

Quality

A Debtors purchase order is to be used if a customer/debtor is returning stock which has been sold from previous software to Jim2. Debtors purchase orders can be applied to invoices or adjustments up, the same as a normal credit.

 

How to

Apply a Credit/Prepayment

Clear a Credit from a Debtor

Clear Small Debtor Balances

Create a Debtor Refund

Dealing with Dishonoured Cheques

Enter a Credit Payment

Enter a Payment

 

Enter a Prepayment

Enter Debtors Opening Balances

Enter Discounts and Account Fees

Issue a Credit Note

Manage Debtor Payments including Commission

Move Unknown Payments to Correct Customer

Reversal Entries

 

Reverse Discounts and Account Fees

Reverse or Delete a Payment

Send Payment Receipts

Unallocate a Payment

Undo Incorrect Refund