Credit Note

How to issue a Credit Note? Ans: Click on Credit Note from the side menu bar. On the Top Right corner, click on the button named, “Create Credit Note”. Then search for the invoice number you wish to issue the Credit Note. After searching for it, you will see the fee names for which the respective invoice was generated. Now you can deduct the outstanding amount on the following fee name.

How will issuing a Credit Note affect its respective invoice?

Ans: Issuing a Credit Note doesn’t affect its respective invoice, the invoice doesn’t change. The generated invoice is the same, then again it affects the overall invoice amount or the due amount to be paid by the students. The effect is seen on the ledger of the students where they can see the amount deducted adjusted on their due balance.