An Adjustment Note usually occurs when goods are returned for credit, or there is a dispute with a customer that results in a negotiated reduction in an account.
In other words, an adjustment note applies a credit to an account. In fact, they used to be called ‘Credit Notes’ but the GST Legislation requires the term ‘Adjustment Note’ to be used.
Add a New Adjustment Note
To create and assign an Adjustment Note to an invoice:
1. On the Customer screen, select the applicable Customer
2. Click on the [Adjustment Notes] tab
3. Click on the [New] tab
4. The top left corner displays the date, Customer name, and Invoice Number automatically.
5. Select the applicable Tax Type from the drop-down menus
6. Click on [Add Row] to enter the item code, description, Unit Price and Quantity. The GST and Line Total will automatically calculate.
7. Click [Save] or [Save Add Another].
8. Click on [Save]
9. Click on [Assign]
Edit an Adjustment Note:
1. Click the [Adjustment Notes] tab
2. Select the Adjustment Note from the Adjustment Notes screen
3. Click on [Edit]
-
Unassign an Adjustment Note:
1. Click the [Adjustment Notes] tab
2. Select the Adjustment Note from the Adjustment Notes screen
3. Click on [Edit]
4. Click on [Unassign]
-
Delete an Adjustment Note
1. To delete an Adjustment Note, you must first Unassign it from an invoice.
2. Once the Adjustment Note is Unassigned, return to the Adjustment Notes screen.
3. Select the applicable Adjustment Note, and click the red X in the Delete column.
-
Related Articles
How Do I Create an Adjustment (Credit) Note?
An Adjustment Note usually occurs when goods are returned for credit, or there is a dispute with a customer that results in a negotiated reduction in an account. In other words, an adjustment note applies a credit to an account. In fact, they used to ...
Invoicing Basics
Invoicing Invoice Manager provides everything you need to record your invoices for the business and to keep track of invoiced amounts that are still owing. Please note: Our standard Cashflow Manager provides customer invoicing only. Cashflow Manager ...
How Do I Add Suppliers?
When you click on the Suppliers tab in the Invoice section, the Supplier List will display. This consists of: Supplier List: The Supplier List is the main window of the Purchases section of Invoice Manager. The Supplier List can be sorted by Supplier ...
How do I add items to my inventory?
1. To add a new item to the Inventory, you first need to be in the Inventory tab under Invoices. 2. Then click the [Add Item] button on the far right – hand side. The New Inventory Item window will appear. Depending on which version of Cashflow ...
How Do I Record A Customer Invoice?
Sales Invoices are the bread and butter of your business, so to speak. For goods that you sell, or services you provide, a tax invoice is issued, and payment is expected from the customer. Invoice Manager helps you keep track of outstanding invoices ...