Adjust Invoice For Free

An invoice adjustment changes the distribution or amount of the invoice. This could be used to apply a late fee to the invoice balance or to apply an overall discount.

Remember: never make changes to the prices on an invoice you've already sent. The amended invoice will still have the same invoice number and changing the price will confuse your customer. To amend a price, you must create a credit note instead and start again.

You'll amend the existing invoice, using the same invoice number and adding an "R" to the end of the number indicating the revision. This lets both your accounting department and the client know that the original invoice number and project is referenced.

Credit notes can cancel incorrect invoices Invoices are legally binding accounting documents.If a business makes a mistake on an invoice they have already sent to their customer, they must cancel the invoice with a credit note and then issue a new invoice.

If the invoice is unpaid and posted:In Records, Invoices, open the invoice record.Select the Invoice tab and verify the Status is Pending.Click Invoice, New Adjustment from the menu bar.Enter the Adjustment date, New transaction amount (this can be the same), Adjustment post date, Reason and any applicable Notes.More items...

An invoice adjustment changes the distribution or amount of the invoice. This could be used to apply a late fee to the invoice balance or to apply an overall discount.

If the customer has already paid an incorrect invoice, the solution is to issue a credit note for the amount paid and then re-invoice with a correct document. In form, the credit note is similar to an invoice except for its title.