Sometimes it is necessary to credit back funds that have already been assigned. The same general procedures for assigning funds can be used for crediting funds as well. You may need to credit funds back to the credit source if:
- You receive an invoice credit from a vendor, and funds have already been assigned to the original invoice amount.
- A mistake was made in the original fund assignment, either by assigning too high a value, or assigning funds from the wrong fund.
You cannot credit more of a fund than has been consumed.
You can also credit previously assigned funds back to the fund source, either due to receiving a credit invoice or line item (e.g., a vendor credit), or to correct a previous assignment error.