5.1 Create Online Credit Note

This topic provides systematic instructions to create a single or multiple credit notes online.

Using this option, corporate users can create single or multiple credit notes online. Post submission of the credit note, an option is provided to save the content as a Template. The template can be reused for creating credit notes for the same program and associated corporate party.

Once the user creates credit notes, they must be approved by an approver (if the approval flow has been set). The designated corporate approver is notified. The approver can either approve or reject the transaction. In case of rejection, the approver can send the transaction back to the corporate user (maker) to make the required modifications and re-submit it for approval.

User must have valid corporate login credentials.
To create a Credit Note:
  1. From the Dashboard, click the Toggle Menu, then click Receivables/Payables, Receivables/Payables Management, and Create Credit Note.
    The Create Credit Note screen appears.

    Figure 5-1 Create Credit Note


    Description of Figure 5-1 follows
    Description of "Figure 5-1 Create Credit Note"

    Table 5-1 Create Credit Note - Field Description

    Field Name Description
    Party Name Displays the name of the logged-in corporate party.
    Online Credit Note Creation Indicates the option to create credit note records by manual entry of the details.
    File Upload Indicates the option to create bulk credit note records through file upload.
  2. In the Create Credit Note screen, click Create New Credit Note to create credit note records manually.

Parent topic: Credit Notes