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financial credit note

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Posted on by IA-15041016-0

Hi all ,

I want to create a credit note on a purchase invoice, so I only need to change the price without affecting the stock.( for example , the invoice amount is 1000$ and i want to create a credit note with -500$):

1) If I use the credit note process from the purchase order, an error message appears in the line saying that the quantity and the net amount must have the same sign. So, I wasn’t able to keep the same quantity and change only the unit price with a negative sign.

2) And if I use Invoice > Credit Invoicing and select the invoice, nothing gets generated.

What should I do?

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Dynamics 365 Finance

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CA Neeraj Kumar 320 on at

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financial credit note

Hi,

Yes credit invoicing is for reference purpose only, you need to debit vendor account manually.

You can refer the standard MS article as well :

https://learn.microsoft.com/en-us/dynamics365/finance/accounts-payable/gbl-original-invoice-numbers-credit-notes-ap

Regards,

Neeraj kumar

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IA-15041016-0 79 on at

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financial credit note

Thanks for you reply @CA Neeraj Kumar

So credit invoicing is just to link the original invoice, meaning I have to manually enter the credit note by debiting the vendor account, and then link it to the original invoice?

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CA Neeraj Kumar 320 on at

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financial credit note

Hi,

In case you want to prepare credit note only for affecting value not quantity (Stock), below are the approaches:

1) Create Vendor Invoice journal and put the amount in debit and post the invoice journal. While doing so, if it is India-localization, you can select the original transaction reference in the tax document as well.

For legal entity other than India, you can use Credit Invoicing option to put original invoice reference.

2) Create a service item or use procurement category to book the negative amount for vendor through Pending vendor invoice page (without PO).

3) Credit Invoicing option is available in the system for linking of original transaction with credit note, it doesn't post any transactions by itself.

If you require further inputs on doing above steps, please let us know.

Regards,

Neeraj Kumar

If this helped, please mark it as "Verified" for others facing the same issue Keep in mind that it is possible to mark more than one answer as verified

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