How to issue a credit note to a client?
A customer has paid a proportion of the invoice but wants to pay less than the total
Imagine that you’ve performed a service for a total of £1,000, but the client is unhappy and believes that they should pay you no more than £800.
If you agree and wish to lower the total of the invoice to £800, you should issue a credit note for the difference of £200.
If you are an Accounting Wise client there are further instructions on how to issue credit notes within your accounting software app in My A-Wise.
Get an accountant
Getting an accountant is a great way to keep on top of your finances and make sure that you are raising documents correctly. They’ll remind you of important tax dates and payments due, show you ways of keeping your accounts in excellent shape, advise you on allowable expenses and how to report them so you’re as tax-efficient as possible.
They can help you with things like estimating how much tax and NI you’ll need to pay every six months or quarterly for VAT. They’ll also help to ensure you’re not forgetting a payment on account, which catches many people out every year.
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