Tax only credit notes cannot be produced for cash accounts or for a customer when their account is on hold.
Details of the VAT charge are added to the credit note in the form of credit note lines. The credit note can consist of several credit note lines. Each line consists of a description, value and tax rate.
By default, tax rate 1, as specified in the system's tax rate table, is displayed as the suggested tax rate to use. This can be amended by selecting an alternative rate provided it is neither zero rated or used for EC purchases.
Once the credit note is saved, an associated sales return is automatically created. This sales return is marked as completed.
The sales return number is assigned to the order automatically for you regardless of your system settings.
Order numbers assigned manually.
The credit note number is used as the order number, even if a sales order already exists with that number. You cannot have duplicated tax only credit note numbers. If the tax only credit note number has already been recorded in Sage 200, an alphabetic character is added to the credit note number and the generated sales order.
Order numbers assigned automatically.
The next available order number is allocated.
Once the tax only credit note is saved it cannot be amended or deleted.
Open: Sales Order Processing > Order Processing > Enter Tax Only Invoice.
Accept or amend the displayed credit note date.
The due date cannot be amended. The due date is based on the credit note date plus the number of days specified for payment terms stored on the customer account Payment Details tab.
Continue to add credit note lines as required and then complete the other credit note details.
Click Move Up and Move Down to position credit note lines correctly.
Click Edit Item and Delete Item to change or remove an credit note line.