Project rental credit invoice

If the project rental invoice has been posted and needs correction, you can create a rental credit invoice using several methods.

The method depends on the setting for the Transfer to project parameter in Rental Management. If it is set to No, you can use these options:

Mark the rental period manually for credit and post the invoice proposal for that period.
Make amendments in the invoiced period. The invoiced period is then automatically marked for credit. You can post the invoice proposal for that period.
Use the Project credit wizard. Select the amendment type and execute the rental amendment with the credit invoice.

You can also use the Rental credit wizard to create credits. This wizard offers several amendment types:

Price: Lower the rental price. The difference is credited for all chargeable days.
Rental stop: Stop rental for a period already invoiced. The stopped days are credited.
Rate code: Change the rate code, for example from $10/day to $10/week. The discounted rate is credited.
Full credit: Credit the full invoice amount. You can also re-invoice. You cannot combine this with other amendments.
Insurance: Credit the insurance value, fully or partially. Only the gross value can be credited.
Manual credit: Credit the total invoice with a monetary amount.

Name	Responsible	Description
Mark the rental period for credit	Rental clerk
Rental project credit wizard	Rental clerk	Use the project credit wizard to credit rental and sales lines. It supports these amendment types: Price Rental stop Rate code Full credit Insurance Manual credit You can only use this if the rental project setup has Transfer rental order to project set to No. Full credit does not support non-rental items or on-account transactions. Invoicing must be based on rental order lines. Project invoices do not support invoice notes in credit scenarios.
Create invoice proposal for credit lines	Rental clerk	Create an invoice proposal for credit lines to process rental-related financial postings. This proposal includes rental agreements that generate credit amounts. You can review and adjust the proposed lines before posting the final invoice. Ensure the invoice profile and project data are correctly set to apply the credit accurately.
Post project Invoice proposal	Project accountant	Select the required invoice lines. The total amount updates automatically. Click OK to review and post the project invoice.

Rental project credit wizard