Account Usage S/L - Credit Card
This page describes the 'Credit' card of the Account Usage S/L setting. Please click the following links for descriptions of the other cards:
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If you want to specify separate default Sales Accounts and VAT Codes for use in Credit Notes, you can do so here. Be sure to select the Use Credit Sales Accounts option on the
'Debtors' card as well.
Please refer to the description of the 'Sales' card for details about Sales Accounts and VAT Codes.
If you would like to use the same VAT Codes in Credit Notes but have them post to different Output VAT Accounts, you can specify those Output VAT Accounts on flip D in the VAT Codes setting. There is no need to select the Use Credit Sales Accounts option in this case.
These Accounts and VAT Codes will be used when no credit Sales Account or VAT Code has been specified for an Item Group and for Items that do not belong to an Item Group. If any field here is blank, the standard Account or VAT Code from the 'Sales' card of this setting will be used instead.
- Don't use Automatic Autotransactions on Credit Notes
- If you use an Account with an Automatic Autotransaction in an Invoice, the Autotransaction will be applied to the amount that you post to that Account when you approve the record. If you then credit the Invoice, the Autotransaction will be applied automatically once again. Use this option if you do not want the Autotransaction to be applied automatically to the Credit Note. Please refer to this page for more details about Automatic Autotransactions and an example.
- Automatically set Disputed Flag on Credit Notes
- Select this option if you would like all Credit Notes to be marked as Disputed automatically. Please refer here for details about the Disputed check box.
- Negative Amounts on Credit Notes Printout
- When you print a Credit Note, all figures will by default be printed as positive. If you would like them to be printed as negative, select this option.
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Settings in the Sales Ledger:
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