Accounts Receivable Credit Off Invoices How to Credit Off Invoices
How To Credit-Off Invoices (continued)
4. Posting the Credits – When ready to write off the invoice balances, the User must fill in the fields required to generate the credits that will be applied to the invoices selected in the list. Once all required fields have been populated, press the Post button located at the lower right of the form to create the credits.
Date – Enter or select a date from the calendar on which the credits will post to the general ledger.
GL Account – Enter or select from the drop-down list the G/L Account number that will be used for the debit side of the transaction. The credit side of the transaction will post to the accounts receivable account.
Category Code – Select the Category from the drop-down list that will be used in posting the credits.
Memo - The User may enter a note in the Memo field to describe why the invoice balances are being credited-off. This field is optional.
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