Direct settlement of vendor credit notes

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Posted on by Hans Tuytel

Credit notes (e.g. for purchase price differences) regularly have an invoice date later than the original invoice date. How can I settle the credit note with any upcoming payment without using the invoice date + payment terms for this credit note? In other words: I wish to settle the credit note immediately with the next upcoming payment. Otherwise I already have paid my original invoice for example today (due date of the original invoice) and can only have my credit note reimbursed later (e.g. 30 days after credit note invoice date).

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Ding Li 480 on at

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RE: Direct settlement of vendor credit notes

Hi Hans,

check if 'Default Settlement Type for Credit Notes = Designated transactions' under AP >>> Parameter >>> Invoice works for you.

you need to also set Settlement >>> Automatic Settlement = Yes
Hans Tuytel 5 on at

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RE: Direct settlement of vendor credit notes

This does not relate to a return order, but in fact to any credit note. E.g. for a settlement of quantity differences / price differences, for a settlement of turnover rebates, etc.
Ding Li 480 on at

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RE: Direct settlement of vendor credit notes

Hi,

not sure following you. credit note, based on my understanding, is an invoice of return order. How credit note would be created BEFORE the vendor invoice posted. I could be wrong.