Entering Credit Note



Thanks to those that respond.

Electrician purchases supplies, not inventory as they are used in the course
of the business and itemized as job materials. I pay the invoices on pickup
of supplies. Problem, I received a credit note for some items that I did
not use and brought back to the supplier. How do I enter these so that my
end figures are not oout of whack.

Here it is as an example:

I purchased $300 in supplies for Job A. Pay the supplier $300.00 after Job
A is finished I have $50.00 worth of supplies I bring back and I am provided
with a credit note. How do I enter this?



Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Credit Notes 3
Credit note 0
Debit note vs Credit note. 0
Credit note question 2
UK Credit Note? Refund? 4
Credit Notes For Returns 2
Problem with credit Notes 2