Credit Notes - Select a date for credit note allocation
When allocating a credit note, either an invoice or bill, be able to set a date for the application, rather than defaulting to the date the credit note was created as it will fail occasionally when using lock dates.
Connor Olsen
shared this idea
Thank you for sharing your suggestion for setting a specific allocation date for credit notes against invoices or bills. This would provide a smooth solution for linking invoices and credit notes across different financial years after lock dates have been set.
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Carol Connors
commented
I agree, we are experiencing this issue at the moment, attempting to do a clean up of a client's invoices and credit notes. Should be able to select the date of allocation, defaulting to the date of credit note is not a good accounting principle. We have a credit note from a prior financial year that has already been audited and financial statements signed off. To get around this I am having to 'pay' the invoice and credit note from the suspense account using the appropriate date. Shouldn't have to do this.
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Danielle Commandeur
commented
This is due to FYE, if a credit note is applied in the previous FYE it affects all the year end numbers and therefore, the credit needs to be able to be applied on the date the credit is taken so that the year end reports do not change. Right now, I need to open my FYE to allow changes but that's going to mess up my numbers with my accountant and make future reporting incorrect.