Add Credits in Receivables

In Receivables, you can add credits to apply to a client's future invoices or existing ones.

1. From Receivables, Credits, select Add.

2. Enter the credit details you need, such as client name, credit date, billing item, and description.

3. Enter the credit amount.

4. In the Service provider field, enter the individual at your organization who assisted the client and enter the service start and end dates.

5. Under Distributions, specify debit accounts, classifications using grants or transaction codes, and custom fields for reporting purposes. You can also select to distribute the information evenly or by percent. For more information, see Credit Distributions and Distributions.

   Note: The distributions you view are determined by the Use a single receivables summary account and never post applications business rule from Receivables, Settings. For more details, see General.

   Note: In a future release, we'll offer full support for distributions.

6. For Interfund entry set, select a set to balance accounts if the debit and credit accounts aren’t in the same fund. For more details, see Interfund Sets.

7. To add custom fields for the credit, select Add custom field. Use these to add additional info and further filter credits when you search for them. For more details, see .see Custom Fields.

8. Save the credit. To enter another new one, select Save and add new.