How to post an invoice credit note in the previous year in SFM

How do I post an invoice credit note in the previous year?

A user can post sales transactions in the previous year by going to Previous Year Menu > Purchases > Postings.





Every time a transaction is posted in the previous year, the Update Opening Entries option under the Previous Year menu is enabled, and the user needs to run this option to make sure that the opening balances in the current year are refreshed.


 






    • Related Articles

    • How do I finalise the previous year?

      Overview SFM allows posting into two financial years simultaneously. This means that users have the option to finalise 2019 (during the year 2020) and at the same time keep on posting in 2020. The Finalise Previous Year procedure will close the ...
    • How do I update the opening balances after posting in the previous year?

      After the end of year run, SFM provides the option to authorised users to keep on posting into the Previous Year for the next 12 months. When users post in the previous year, SFM will trap this and makes available a function, 'Update Opening ...
    • How do I process an End Of Year in SFM?

      Overview SFM allows posting into two financial years simultaneously. This means that users do not need to finalise 2021 before starting to post entries into 2022. The end of year procedure will move the “Current Year” data into the "Previous Year". ...
    • How do I close the posting periods in SFM?

      There are two sets of posting periods in SFM: one in Current Year (Current Year > Utilities > Posting Dates) and the other in Previous Year (Previous Year > Utilities > Posting Dates).            The system will allow posting from the ledgers within ...
    • How to copy invoice details over to Free Text in SFM

      Go to SFM > Current or Previous year > Posting > Invoice. After inputting invoice items and details, move the items over to Free Text by clicking the icon. Once the items have been copied, click on Edit to amend or add more text to your item. You can ...