SmartFusion Modules > Accounts Receivable > Process > Enter Credit Adjustments

Recent Updates 
6.168
- The Print Receipt button will now be available upon adding a new credit adjustment. Logic has also been updated to save the record when the receipt is printed.
- Corrected issue on the User-defined AR Receipt standard report (ar012r35.rpt) were balance was being doubled.
6.122 - Updated logic to pull transactions with blank transaction code that are distributed against an AR charge/payment to be included in the Account balance.
6.45 - Fixed bug where screen would lockup if user tried to "Reset" with no valid account number or account name  
6.44 - Credit adjustments on zero balances are now allowed  
6.37 - Inactive accounts will now be light red in the Account name combo box and show a flashing yellow warning icon on the form
6.22 - Added the ability to print a receipt for a credit adjustment back to the system.
6.01 - Fixed transaction code issue when saving credits; Adjust search to allow for empty dates.

Introduction

This option should be used to enter any type of credit adjustments including invoice credits. The amount should be entered as a positive amount. The system saves it as a credit and prompts you to apply the credit to open charges.

Explanation

Selection Criteria

Account Number
Account Name
Transaction Code
Adjustment Date
Update Number - assigned by system
Transaction Number - assigned by system
Account Balance
Receipt Number
Note
Operator
Amount
Deposit Date/Batch
Print Receipt
Receipt Number

Related System Settings

Crediting an account will respond differently depending on how the system has been configured:

Balance Forward

In the [Balance Forward] mode the credits will be applied automatically via Distribute Processor. Please see its documentation for more information.

Open Item

In the [Open Item] mode the credits will be applied by the user. The user will be able to select the specific charge(s) that they wish to apply the credit adjustment too. They can choose any number of charges until the credit amount has been completely dist​ributed.