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Creditor CREDIT Adjustments

Credit Adjustments are made to apply credits to the account e.g. write off amounts outstanding.

The transaction remains open and available for full editing until the form is activated. The form is then notated as Closed and creditor transaction details and general ledger accounts are updated.

The credit adjustments then need to be allocated manually at the creditor transaction screen.

(ReferAllocating Payments and Credits )

Steps

1.	Creditors Payments Credit Adjustment
2.	NewRecord
3.	Batch No, Type, User, Description – enter or select the details (Refer:* Data Entry, Creditor Form Details)*
	Auto Activate – select if required Group Journals – select if required
4.
	Creditor Ledger - linked ledger account from the creditor record. Select another account from the search window if required
	Account, Date, Credit No, Trans Amount - enter or select the details (Refer:* Data Entry, Creditor Form Details)*
	Ledger No - for the transaction dispersal
	GST Details – for this line. Can be changed from the search window
	Dispersed Amount - for this line of the transaction. Multiple dispersals can be entered for the one creditor amount
5.	Reference - reasons for the transaction Remark - additional information on the transaction
	Allocated Amount- update when the credit note or journal is allocated in the creditor transaction allocations screen
6.	Repeat for additional data lines and Save the credit note.

Activating CreditorAdjustments

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