Credit

Credit - Kyrios ChMS

A credit-type document is similar to an Advance, but must be used when you want to cancel an amount that has already been placed in a debt document. For example, in the case of receipt of an intention to attend a mass, if they mistakenly issue the amount for 10 masses in the debt note, when it should only be 1 mass, then a credit document must be generated with the amount charged in excess to regularize the real value. A receipt must then be generated in the current accounts to regularize the credit document with the debt document.

Example: Issuance of a debt document for 10 mass intentions:

As we only wanted 1 intention, we have to credit €90 that was registered in excess. We will then issue a credit document with €90:

Finally, we access the current accounts and regularize the 2 documents, where the entity only has to pay the difference, that is, the 10 € of the mass intention.

Credit documents can be generated to assign credit for any service and remain in credit until it is exhausted, and can be used in various debt documents.