Clear a Credit on a Debtor

There may be times where a credit needs to be cleared as it won't be being paid, and it is a reasonable amount. There are two methods to clear the amount:

1.Add a job and select a non depleting labour type stock record – this means there is no impact on stock on hand. Ensure the job total matches the credit balance, invoice the job then apply the credit.

or

2.Add a debtors adjustment up to the required GL account,eg. a 4-XXXX income account, then apply the credit to the adjustment up.

Further information

Apply a Credit/Prepayment

Clear Small Debtor Balances

Create a Debtor Refund

Enter a Credit

Enter a Credit Payment

Enter a Payment

Enter a Payment Against Multiple Debtors

Enter a Prepayment

Enter Discounts and Account Fees

Issue a Credit Note

Debtor Payments Including Commission

Move Unknown Payments to Debtor

Reversal Entries

Reverse Discounts and Account Fees

Reverse or Delete a Payment

Send Payment Receipts

Unallocate a Payment

Undo Incorrect Refund