Sales Credit
Sales Credit Notes are referred to as Sales Credits through Aedon for brevity.
The Sales Credit is used to reduce the balance owed by a customer. A Sales Credit might arise for many reasons including: a short delivery, a quality issues, a goodwill gesture or a discount.
Once a Sales Credit has been created it can be Allocated against a Sales Invoice which effectively pays it, or Refunded via a Sales Refund. Generally, Sales Credit Notes are quite unpopular and Financial Controllers like them to be allocated or paid as soon as possible because they make the Sales Ledger untidy!
POSTING RULE
| Code | Name | Debit | Credit |
| SC | Sales Credit | [Nominal Code] VAT | Accounts Receivable |
Being the reverse of a Sales Invoice, the Debit is against whichever Nominal Code the Sales Credit is in relation to, then depending on the VAT eligibility of the Sales Credit the Output VAT Nominal Code will also be Credited. The Credit must be into the Accounts Receivable Nominal Code.
