When you apply a credit, Sage 100 Contractor adjusts the invoice and vendor balance. If the credit has a balance after applying it to an invoice, Sage 100 Contractor assigns the credit status 1-Open, but if the entire amount of the credit is applied, Sage 100 Contractor assigns it status 4-Paid.
| 1 | Open 4-2 Payable Invoices/Credits. |
| 2 | Do the following: |
| a | In the Invoice# text box, enter the credit invoice number. |
| b | If the credit invoice is for a purchase order, in the Order# text box enter the purchase order number. |
| c | If the credit invoice is for a subcontract, in the Subcontract# text box enter the subcontract number. |
| d | In the Vendor text box, enter the vendor number. |
| e | In the Job text box, enter the job number. |
| f | If the job uses phases, enter the phase number in the Phase text box. |
| g | In the Description text box, enter a brief statement about the credit. |
| h | In the Invoice Date text box, enter the invoice date. |
| i | In the Due Date text box, enter the date payment is due. |
| j | In the Discount Date text box, enter the due date. This is the last day by which the vendor can receive payment for you to receive a discount. |
| k | In the Shipping text box, enter the shipping tag or ticket number. |
| l | In the Reference# text box, enter the payable invoice number to which you want to apply the credit. |
| m | In the Status list, click the invoice status. |
| n | In the Type list, click the invoice type. |
| 3 | In the grid, do the following: |
| a | In the Description cell, enter a brief statement about the credit. |
| b | In the Quantity cell, enter the quantity of items as a negative amount. |
| c | In the Price cell, enter the price for a single item. |
| d | In the Account cell, enter the ledger account number. |
| 4 | Repeat step 3 for each item. |
| 5 | Save the credit invoice. |
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For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
For additional training on Sage products, visit Sage University.