Steps : Apply Credit Towards Open Invoices on Sage 50

There are times when you may need to receive payment in advance from a customer. Maybe you’re a consultant and they want you to start working on their project right away. Maybe you’re an artist and they want you to create a piece for them right away. In either case, it can be helpful to apply credit towards open invoices on the Sage 50 accounting software. This will allow you to get paid as soon as your invoice is approved. Here are some steps that will help you apply credit towards an open invoice: Read more-: Apply Credit Towards Open Invoices on Sage 50

Open an Invoice

1. Open an invoice in Sage

2. Select the proper line item in the invoice

3. Click on Edit next to the line item

4. Enter your credit information

5. Click on Save and Close

6. You're done!

Pay the Invoice

When applying credit towards open invoices on Sage you will need the account number, invoice number and the amount of credit being applied for.

To apply credit:

1. Log into your Sage account

2. Go to 'Invoicing'

3. Select the invoice you would like to apply credit to (or all of your open invoices if you're working on a batch)

4. Click on 'Apply Credit'

5. Enter your account number, invoice number and the amount of credit being applied for in the respective fields

6. Click on 'Submit'

Tip-: Cost to Upgrade from Sage 100 to 300

Credit Your Open Invoices

If you have invoices that are open and unpaid, you can apply credit to them in order to regain possession of the goods. This is typically done through a 'credit note'.

1. Open the Sage Software application (if not already open).

2. From the main menu, select 'Accounts' > 'Bank Accounts'.

3. Select the bank account from which you would like to credit your open invoices.

4. Click on the 'Add Credit Note' button.

5. Enter the details of your credit note, including the date it was issued and the amount of credit assigned to it.

6. Click on the 'Submit' button to create your credit note.

7. You will now see your credit note appear in your bank account activity statement alongside other transactions from that day.

Remove an invoice from your account

In order to remove an invoice from your account, follow these simple steps:

1. Log in to your Sage account.

2. Click on "My Accounts" on the left-hand side of the screen.

3. Select the "Invoices" tab at the top of the page.

4. Find and click on the invoice you want to remove from your account.

5. On the "Remaining Balance" section of the page, click on "Credit this Invoice" and then enter the amount you want to credit towards this invoice. You can also specify a due date for this credit if desired.

Conclusion

In this article, we have outlined the steps necessary to apply credit towards open invoices on Sage 50. By following these simple steps, you can easily manage your finances and keep your business running smoothly. We hope that this guide has been helpful and that you will find it easy to use in the future. Thanks for reading! Read more-: Apply Credit Towards Open Invoices on Sage 50