Accounting
Last update:
07/21/2026
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In this topic
Accounting Overview
- Introduction to Quickenerp Accounting
- Setting Up the Chart of Accounts
- Understanding & Configuring Journals
- Creating Customer Invoices
- Creating & Managing Vendor Bills
- Bank Account Setup & Transactions
- Tax Configuration & Management
- Multi-Currency Setup & Management
- Creating & Monitoring Budgets
- Profit & Loss Report
- Period-End Closing Process
- Accounting Navigation & Dashboard
- Chart of Accounts Templates & Fiscal Localisation
- Credit Notes & Refunds
- Bank Reconciliation
- Fiscal Positions
- Balance Sheet
- Payment Terms & Collections
- Trial Balance, General Ledger & Other Reports
Chart of Accounts
Journals
Customer Invoices
Vendor Bills
Bank & Reconciliation
Taxes
Multi-Currency
Budgets
Financial Reports
Period-End & Fiscal Year Closing
Credit Notes & Refunds
Customer Credit Notes
Credit notes reverse a previously posted invoice - partially or fully. Go to Accounting > Customers > Credit Notes.
Creating a Credit Note
- Open the posted invoice.
- Click Add Credit Note.
- Choose refund type:
- Full Refund - Reverses entire invoice.
- Partial Refund - Select specific lines or enter an amount.
How Credit Notes Affect Accounting
- Reverses the original revenue and tax entries.
- Increases Accounts Receivable (reduces amount due).
- If the original invoice was paid, the credit note creates a credit balance that can be refunded or applied to future invoices.
- The refund is processed according to the original payment method (reverse payment, credit on account, etc.).
Credit Note Report
The credit note PDF shows the original invoice reference, reason for credit, and reversed amounts. Customise the report template in Technical → Reports.
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