A Credit Balance report summarizes the credit balance for each client with a detailed breakdown showing the amount issued, applied, and remaining.
You can run a Credit Balance report by doing the following:
- Select the Reports section
- Then select Credit Balance under Payments Reports.
To adjust your view of the Credit Balance report, select Filters under Settings. From there, you can change:
- Reset all - Select this link to restore the filters back to the default settings
- Date Range - Choose from This Month, This Year, Last Year, This Quarter, Last Quarter, or Custom to enter a specific date range (or if you’ve changed your fiscal year end date, choose from the extra options)
- Currency - Toggle between multiple currencies, only one currency can be viewed at a time
Overview
The Summary area shows you the following:
- Balance Forward - This is the credit balance for the prior period up to the start date of your date range selected
- Credit Issued - This is the total credit created for the client (includes all credit notes, overpayment and prepayment credits)
- Credit Applied - This is the total credit applied as payment on Invoices for that client. If you need to track down the specific invoices that have credit applied as payment, run a Client Account Statement instead
- Credit Balance - The remaining credit left that can be applied as payment on future invoices
Additional options can also be accessed in the top right corner of the Credit Balance report:
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More Actions
- Export for Excel - Download the report as a CSV file
- Print - Print the report or save the report as a PDF using the print dialog
- Send... - Send the report to any specific email addresses