The Credit Note feature allows you to upload, manage, and allocate credit notes, which are negative-value instruments used to reduce the outstanding balance of invoices and other instruments.

This guide will walk you through the entire process, from initial setup to final reporting.

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The process follows four main steps:

Setup (Admin Task): First, allocation rules must be configured to define how credit notes can be applied, including rules for currency conversion.
Upload & Allocate: You upload credit notes, either one by one or in bulk. During submission, you link credit notes to eligible instruments. This allocation process runs in the background.
Manage & Report: Once allocated, you can view the details, reverse allocations if needed, and run detailed reports.

Introducing Credit Notes 🚀