Enter Purchase Credit Notes

1. Create a new purchase invoice.
   How?

   1. In the Home window, click Vendors & Purchases on the navigation pane.
   2. In the Tasks pane, right-click the Purchase Invoices icon and select Invoices , and then select Create Invoice from the menu.
2. In the Vendor box, select or enter the vendor name.
3. In the Invoice No.box, enter CN for credit note, and a number, if you want.
4. Enter a Date.
5. In the Item Number column, click the arrow icon to open the drop down list and select an item or service. You can also click the magnifying glass icon to open the Search window for inventory and services.
6. In the Quantity box, enter a quantity, preceded by a minus sign.
7. Enter a description of the item in the Description box.
8. Select the tax code you used for the original invoice.
9. If the original transaction included allocations to projects, click the Project Allocation button , and enter the project and the amount or percent to allocate. Then click OK to return to the invoice screen.
10. Click Process.

With this method, you can create a credit note from an existing invoice to retrieve some invoice details.

1. In the Home window, click Vendors & Purchases on the navigation pane.
2. In the Tasks pane, right-click the Purchase Invoices icon and select Credit Note and then Create Credit Note from the menu.
3. In the Invoice No. box, enter an invoice number or use the finder to search for the invoice. Sage 50 will auto fill the credit note with the following invoice details: vendor name and address, payment method, inventory location, project, payment terms and invoice line details (item, quantity, unit, description, tax code and account).
4. In the Quantity box, enter the quantity you are returning.

Note: If you selected an existing invoice, the Invoice Quantity and Invoice Amount fields will show the original invoice information.

5. (Optional) Add an amount in the Freight field.
6. (Optional) In the Comment box, describe the reason for the return.
7. Click Process.

With this method, you can create a free-standing credit note.

1. In the Home window, click Vendors & Purchases on the navigation pane.
2. In the Tasks pane, right-click the Purchase Invoices icon and select Credit Note and then Create Credit Note from the menu.
3. In the Vendor box, select or enter the vendor name.
4. Select Pay Later from the Payment Method list, unless you are receiving a refund immediately.
5. In the Credit Note No. box, enter a number after the prefix CN.
6. (Optional) Enter the Return Date.
7. Enter the line details for the item(s) being returned.
8. (Optional) Add an amount in the Freight field.
9. (Optional) Enter or clear the Early Payment Terms.
10. (Optional) In the Comment box, describe the reason for the return.
11. Click Process.