A Sales Return document records the return of goods or services previously sold to a customer. It reduces the quantity of shipped items and updates the accounts receivable or inventory balance, ensuring accurate financial and inventory records. A ...
There will be times when you need to apply a credit that was created for a customer to a related or unrelated invoice. We do this with the Apply Customer Credits feature. Apply Customer Credits Accessing the feature The Apply Customer Credits feature ...
A Customer Credit Memo is a document used to reduce the amount a customer owes on a previously issued invoice. It reflects returns, overcharges, cancellations, or other adjustments and ensures accurate customer balances and financial records. Why Use ...
How to record the repayment when a prepayment gets overpaid (and other financial tongue twisters) The customer sends a check for more than the total on the order, or otherwise overpays on goods or services. When a cash refund is desired rather than a ...
Need help applying this to your business?
See how CustomBooks™ can support your accounting and inventory workflow
If you are evaluating CustomBooks™ or want help setting up workflows for your business, explore the product or schedule a conversation with our team.