Transaction Classification 889: Invoice Credit

This transaction classification should be used for full or partial invoice credits. This credits back the charges and taxes for a single invoice or all invoices.

When entering a Transaction on the Transaction Posting Page, after you select this classification:

• An Invoices dropdown list will be available that allows you to select:
  - All Invoices
  - A Single Invoice
  - No Invoice (If No Invoice is selected, no additional processing will be performed)
• The system will fill the Amount Field when an invoice is selected
  • For a Single Invoice, that Invoice Amount is used
  • For All Invoices, the customer’s balance is used
  • The User can set any amount desired
• Saving will create one transaction record for each invoice (up to the amount entered/shown in the amount field)
• When the transaction is posted, the system will pull billed tax records from:
  • V1 BillingHistory and save them in TBS.BillingProductBSTaxCredits
  • V2 BillingHistory and save them in BillingRPT_TaxReportCredits
• The next set of tax reports produced for various taxing agencies will include credits for these taxes. See Tax Reporting for more information.