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Sage line 50 - applying credit notes against invoices

Can you apply credit notes against specific invoices in sage ??
Any help would be appreciated
John Davies


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Jonathan Coe, 7-Jul-2004

Applying credit notes
Yes you can apply credit notes against specific invoices. If you go to the bank section of Sage and choose to pay a supplier or receive money from a customer (depending on which you are wanting to do) then enter the supplier/customer code, and date, all of the outstanding entries should be displayed. You can then "pay in full" the credit note and allocate this amount against the required invoice. Please note that if you are using VAT Cash Accounting and the rates of VAT on the invoice and credit notes are different, then you can not clear them in this way. You would need to create some dummy transactions that cancelled each other out, such as (in the case of supplier)dummy payment cancelled out by dummy banking of the same amount posted to say 9999, with VAT being the same as credit note. To clear the credit note, you would then need to create a dummy invoice with same VAT as credit note and post this also to 9999. With any luck, you won't come across this situation too often, so you can usually simply allocate credit notes against invoices as advised at the start. Hope you get on OK.