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Credit Memo and Refund Functionality
Credit Memo
- Create Credit Memo from the Invoice- You can directly create the Credit Memo from the Invoice to which it belongs.
Click on Credit Memo Button from the Invoice Page
Select the Line Items and its Quantity for which Credit Memo is required to be created. Then click on create.
Once you click on create, the Credit Memo will be created with the selected Line Items and selected Quantity. The Credit Memo will contain the link for related Invoice and Unapplied amount field amount in this case will be 0 i.e. the same Credit Memo cannot be applied again to any other Invoice.
The concerned Invoice will show the remaining balance as Invoice Balance against which either a new Credit Memo can be created or Payment can be received.
Apply Credit Memo to Invoices
Create Credit Memo
Click on Apply Credit Memo to Invoices Button
You will find all the Invoices with outstanding balances to which Credit Memo can be applied
Refund
1. Process Refund through Credit Memo-
Once you have created Credit Memo, click on Refund ButtonImage AddedEnter the refund amount to be processed and the account (Bank or Credit Card) through which you want to process the Refund. Then click on Process Refund.Image Added
Credit Card as an New Account type
For more details, click on the link given below
Getting Started
Minor fix as to allow to create Invoice from Sales Order when PO is already created from the Sales Order
Earlier once PO is created from Sales Order, it was not allowing to create Invoice from the Sales Order. This issue has been fixed now
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