Working with client credit memos

If a client returns an item to you  or you sent a refund, you can create a client credit memo. You can apply client credit memos toward outstanding invoices payment from the client who issued the credit memo in the receive payment form.

When you save a client credit memo, it is posted. Because a client credit memo affects accounting.

You can view all client credit memos on the client credit memo List.

Credit memo is also known as credit note.

You can use the client credit memo due to following reasons:

• Misapplication of sales tax requirements
• Cancellation of invoice
• Not according to specifications mentioned in the invoice
• Any change in the requirements in previously placed invoice