ExampleCredit adjustments reduce the amount outstanding to your creditors while increasing your profit. The default ledger account that is populated into the grid is that attached to the creditor under Creditor Sourced Credit Adjustment
Example
Credit adjustment of $55.00 Inc GST
| Ledger | BAS Code | Debit | Credit |
|---|---|---|---|
| Creditor Value - Creditor A | No Code | 55.00 | |
| Creditor Sourced Credit Adjustment | GST Inwards Adj (G11) | 50.00 | |
| Adjustment GST - Tax Maintenance > GST Inwards Adj | GST Inwards Adj (G11) | 5.00 |
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