Credit Notes and Refunds Guidance
Useful Information
Below are 4 Scenarios where a Credit Note and/or Refund might be required and advice on how to handle each one
Credit Notes and Refunds Guidance
Scenario 1
A hirer has paid a deposit for a booking prior to the invoice being raised. The booking is subsequently cancelled.
Solution 1a:
The payment will be sitting On Account since it was received prior to the invoice being generated.
Mark the booking as cancelled.
Refund the payment following the Record a Lettings Refund guidance
or
Solution 1b:
No action needed as the deposit can continue to sit On Account to be allocated to another booking at a later date.
Scenario 2
An invoice is issued but the session is cancelled prior to any payment having been received.
Solution 2a: Where no cancellation fee is due
Issue a credit note for the full amount using the method described in section Credit a Specific Invoice.
Mark the booking as cancelled.
The invoice is marked as paid and shows no outstanding balance when viewed on the Accounts screen.
or
Solution 2b: Where a cancellation fee would be due
Issue a credit note for the appropriate amount (ie invoice total less cancellation fee) using the method described in section Credit a Specific Invoice.
The invoice continues to show an outstanding balance (the value of the cancellation fee) when viewed on the Accounts screen.
Scenario 3
An invoice is issued but the session is cancelled after a payment has been receipted.
Solution 3a:
Issue a credit note for the invoice amount, which will allocate the payment on account.
Issue a refund for the overpayment using the method described in section Record a Lettings Refund guidance
or
Solution 3b:
Issue a credit note for the invoice amount, which will allocate the payment on account.
Leave the payment on account to be used against subsequent invoices.
Scenario 4
An invoice has been raised against the wrong facility, and consequently for the wrong amount.
Solution:
Issue a credit note for the invoice amount, using the method described in section Credit a Specific Invoice.
Record a new booking for the correct facility and issue the associated invoice as normal.
For further help see:
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