Miscellaneous Credit Posting

Introduction

A miscellaneous credit posting can be used to reduce cash from a clients debtor balance. For example, if a client has a balance of £1000 this balance can be reduced to £600 if a £400 miscellaneous credit posting is made.

Posting a Misc Debit

A Miscellaneous Credit can be posted within the Fees Ledger via Adhoc posting or Batches. Click here for the help topic for posting a Miscellaneous Credit

VAT

Miscellaneous credit postings are posted excluding VAT. If an adjustment is to be made to a clients account it will not affect the practice VAT liability. For example, miscellaneous credit posting was made for £1175 then this will not include any VAT.

Tip: To decrease a clients debtor balance and account for VAT it is recommended that a credit note is posted.

Nominal Code

The Fees Ledger keeps a nominal breakdown for each posting. This can be used to track movements and totals of postings within the ledger.

Click on the option below to view the nominal movements by practice type:

Nominal postings for normal invoices

Nominal postings for low turnover businesses that post invoices

Nominal postings for businesses that post proforma's

Click here for an explanation of practice type.