I have paid £16.80 for a service that had to be cancelled. The supplier decided to offer me £20 worth of credit to spend later on.
RIght now I have tagged the £16.80 on the current account to an invoice for the original service.
How do I account for the credit? And spend this credit on future use of their service.
Has the difference been paid to you by your supplier, or has it just been agreed as a reduction to a future invoice?
For a small amount such as that in your case, I would simply add a negative line to your next invoice for them to the value of the credit. It would avoid over-complicating the situation.
It has been agreed as a reduction to a future invoice.
Your method makes sense and is easy, I like it.
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