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A Supplier Credit Note is a form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer's account. A credit note is issued in various situations to correct a mistake, such as when an invoice amount is overstated, the correct discount rate is not applied or they do not meet the buyer's specifications.

The Credit Note options available in Chase include:

  • Credit amount manually.  Allows you to enter whatever amount you need to credit.
  • Credit the Full / Outstanding value of the Supplier Invoice.  Enter the full remaining amount to be credited.
  • Credit 50% of the Supplier Invoice.  Credit only 50% of the Supplier Invoice value.
  • Credit other % of the Supplier.  Allows you to enter a percentage of the Supplier Invoice to credit (e.g. 25%, or 75%).


 Screen layout

Supplier Credit Note screen


 

 Field Help

Buttons and Fields

Description

Go To

Link to related job bag and document.

Supplier

Name of Supplier.

Attention

Indicates the Supplier Contact who will be receiving the credit note.

ID Number

The Supplier Contact's ID number.

Description

Description can be used to name the document e.g. Credit Note for printing of shirts.

Delivery Address

Delivery Address is the destination address for the Credit Note.

Details

Enter a brief explanation of what is being credited.

Invoiced

The date the Credit Note was created.

Payment Date

Populates when the Credit Note is marked as Paid.

Quote No

Quote number provided by the Supplier.

Status

Status of the document.

Category

Category of the job which pulls through from the job bag.

PO No

Related PO number that the Credit Note was created from.

Issuer

Name of the person who created the Credit Note.

Terms

Payment terms for that Supplier.

Export Date

Populates when exported from Chase to the relevant accounting package.

Add Line

Allows you to add an additional line item to the Credit Note.

Work Type

Displays the Work types/list of services from the Supplier Invoice.

Business Unit

Business Units are profit centers or revenue streams within the agency.

%Markup

%Mkup is the % markup added to the cost of the cost sheet.

Units

The quantity bought from a Supplier, taken from the Supplier Invoice.

Tax Fee

When selected, no tax will be calculated for that specific line item.

Amount

Amount to be credited.

Exchange Rate

Exchange Rate allows users to edit the exchange rate for the Credit Note.

% TAX

Shows the % TAX being charged for this document.

TOTAL Incl

The total for all the line items on the Credit Note with tax added.



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