| Allocate a credit note or payment on account to an invoice |
Resolution | Watch the video Here's a video guide demonstrating the process: TIP: This video is part of a free Sage University course. Sign up or explore other courses. How to allocate to invoices - To allocate credit notes or payments on account, go to Customers or Suppliers.
- Select Customer receipt or Supplier payment.
TIP: To allocate credits or payments automatically, click Wizard at the top of the window.
- To allocate the transactions, enter payment details in the Customer receipt or Supplier payment window as follows:
Bank A/C | Choose the bank account to post the payment to. | Date | Enter the date for the allocation, usually the later date of the specific transactions. | Payee | Choose the relevant customer or supplier record from the drop-down list. | - To allocate each transaction, enter the payment details as follows:
- To allocate the transactions, and post any associated payment, click Save.
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CAUTION: You can't allocate transactions with different tax codes when using the VAT Cash Accounting Scheme. If a transaction has an incorrect tax code, you see the message: 'There is a mismatch in the net/tax elements of the payments selected. Please ensure that the tax codes of any credit notes/payments on account are matched against invoices with which they are to be allocated to.' [BCB:19:UK - Sales message :ECB] [BCB:99:Limitless - 50 Accounts - Bank:ECB] |
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