A credit note (a.k.a. Adjustment Note) is a document, usually for returns of goods or adjustments to past invoices. Whereas the cancel transaction process in MoneyWorks is for reversing a wrong entry.

MoneyWorks uses the reverse sales invoice (negative invoice) method to record a credit note. It converts the sales invoice into a credit note by clicking on the reverse button on the sales invoice transaction.

Software: QuickBooks Desktop accounting Credit Note is a document issued from the seller to the buyer for goods returned or credit for overstated in sales value. For QuickBooks Desktop accounting, the Credit Memo (a.k.a. Credit Note) is under the Customers menu (Create Credit Memo/Refund). Credit Memo is using the same sequential number as the Sales […]

Use the “Create Credit Memo/Refund” feature in QuickBooks accounting software to record the return of goods/services from a customer…

Software: #QuickBooks Desktop #accounting software A Credit Note (an Adjustment Note) is a sales form given by the seller to the buyer to correct the mistake made in the Sales Invoice or goods returned. From the Customers menu of the QuickBooks accounting software select Create Credit Memo/Refunds to add a new Credit Note. Assuming a […]

I saw some of my clients' QuickBooks data file; the adjustment note (credit note) to their customer was not knocking off against the invoices. Thus, this result in many of these credit accounts receivable still reflected in the accounts receivable ageing report. Most of the reason for this was they do not know where or […]