Credit notes are used to reduce the amount your client owes you, or that you owe a supplier, and to adjust stock holder levels for returned inventory items.

Credit notes may be created against a specific invoice or bill, or against the client or supplier for allocation to future invoices or bills. Refunds may be recorded as a payment against the credit note. 

• Allocate credits to a single invoice/bill or across multiple invoices/bills
• Record credit payments (refunds) against credit notes
• Keep track of all your client and supplier credits via the Workflow menu
• Post credit notes and payments to supported accounting packages.