Open Credits

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Open Credits

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An open credit is an amount that comes from prepayments, overpayments and goods returned from the customer that are not yet refunded or deducted from the customer’s account.

 

 

In AccountMate, you may do any of the following for your open credit transactions:

 

•Create an open credit by:

oCreating a sales return

oPosting an open credit

•Apply the open credits to your customer’s invoices

•Void an applied open credit transaction

•Refund or write-off an open credit

•Void an open credit adjustment

 

 

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Note: You may view the balance of your customer’s open credit transactions in the customer record or any Transactions function that has the Open Credit field.

 

 

 

See Also

Reports on Open Credit

 

 

 

 

 

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