Credit an accrued invoice

When crediting an accrued customer or supplier invoice in Briox, you will get the following prompts when you post the credit note. See below:

Step 1: Save the accrual settings on the credit invoice

Save the accrual on the credit invoice so that the journal includes the accrual accounts in the same manner as the original journal does.

You will be sent straight to the accrual window when you click on OK.

• If you are crediting the full invoice, the accrual settings will reflect those of the original invoice and the only thing you need to do is click Save.
  
  
• If you are crediting only part of the invoice you need to
  • close the modal
  • update the credit invoice amount
  • then return to the accrual modal and click Save.
    
    

Step 2: Quitting invoices and their accruals 

When you click on post you are prompted to quit the credit note and the invoice.
These will be paid automatically on the same date.

In the next step you are asked if you want to quit the all the accruals:

In the case of a full credit you should answer Yes. Briox will:

• Remove all accruals that have been carried out, in all financial years. Briox executes the reverse accruals that were created with the credit invoice. These are linked to the journals they are correcting.
  
  
• Remove all future accruals that have not been carried out for both the invoice and the credit invoice. These appear as crossed out in the accruals report when you select to display deleted accruals. 

Note: If the Accrual spans several financial years, all journals will be reversed. Note that you need to stand in the latest year to see everything in the accrual list. In the accrual report you always see everything concerning an invoices accrual when the detailed report is selected.

In the case of a partial credit:

In the case of a partial crediting of the invoice you should not reverse the accruals. You will need to run them all to quit the credit note accruals against the invoice accruals in each period.

See below the detailed accruals report: