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Note

A Supplier Credit is a miscellaneous credit that has no affect on increasing the physical stock on hand. 
It is purely an expense transactions eg Rebate received, supplier discount allowed.
If stock is returned to the supplier you must handle this through the purchase order or receipts modules as a stock credit request. 


Info

If you choose to use the GST Correct action button please ensure that this is only used for a very small rounding variance in respect to tax value variance.

If the supplier has issued you with an invoice that has been partly charged tax and the remainder not charged tax, then work out the taxable amount, insert that with the correct tax code then add another line for the non taxable value with the correct tax exempt code

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  1. Log onto Readysell> Relationships>Cards

  2. Drop down the New action button in the ribbon and highlight 'Supplier Credit'

    Expand
    titleShow me


  3. Todays date will default however you can change this to be the date required
  4. The supplier cardid is drawn 
  5. Enter into the description field something that describes why you are inserting the credit eg Credit note number from the supplier
  6. On the line level select the General Ledger Account to stand for the credit
  7. Either leave the default descrption or change it
  8. Enter either the Value Inc or Value Ex and the tax code = INP or FOA
  9. Check the header value lines up to the value of the credit.
    • If the Invoice you are entering has partial items with GST and the others exempt,  please ensure that you work out the value that is taxable and the value that is not taxable and insert two lines with the correct GST Tax Code and Tax Value. 
     
  10. Click on Finalise or Finalise and Allocate.