A credit bill applies a credit against charges on a folio. You can associate a credit bill with a folio if the folio was generated prior to the current business date. However, an exception is allowed for deposits. You can generate a deposit folio when the Cashiering > Advanced Deposit Handling application setting is defined.
Using the Same Day Credit Bills application setting, you can define when a Credit Bill for the folios can be issued. There are three configuration options:
All: You can create a credit bill on all folios on the same date the folios are generated.
Deposit: You can create a credit bill on deposit folios on the same date the folios are generated.
Never: You cannot create a credit bill on folios on the same date they are generated.
Follow these guidelines when associating a credit bill with a folio:
You can apply a credit bill to a folio for only a certain number of days after the folio creation date. You configure the maximum number of days using the Maximum Credit Days application setting under the Cashiering Group in OPERA Controls.
You can prepare a credit bill for up to the remaining amount on the original folio. For example, if you have a folio for $100.00 and you have already issued a credit bill for $20.00, then you can only issue a credit bill for $80.00 for that folio.
You cannot associate a credit bill with another credit bill.
You cannot apply a credit bill to a voided bill.
You cannot apply a credit bill for which all or part of payment was direct bill.
Parent topic: Cashiering and Finance