CCH iFirm Time and Fees
Add a credit note
Partial or simple line credit notes do not reverse the WIP transactions, but they write the credit against the client’s receivables directly, lowering the whole amount due.
Topic results Credit Note
CCH Practice Management
Entering a Supplier's adjustment or credit note
This document provides detailed instructions on processing credit notes for returned goods in a bookkeeping system. It outlines the steps for accessing purchase invoices, entering negative amounts for credit notes, and submitting invoices. The process includes searching for suppliers, authorizing and posting invoices, and correctly allocating credit notes against related invoices. It highlights options for searching suppliers more effectively and managing invoice adjustments through the Ledger window to ensure accurate financial records.
CCH Practice Management
Entering a credit note for a client
The document outlines the process for issuing credit notes in a billing system, which can occur when a client requests a refund or if an invoice remains unpaid. To create a credit note, users must utilize the Miscellaneous Charge feature, entering the credit amount as a negative figure. Key steps include creating a draft bill, selecting the appropriate client assignment, and recording the credit amount with explanatory notes. Proper setup of miscellaneous charge types is emphasized for efficient tracking. The result displays in the billing system, adjusting total amounts accordingly and offering options for further itemization on invoices.