How do Credit Notes work with Modulr Accounts Payable?

If you have received a Credit Note from a Supplier, follow the steps below to use the credit note as part-payment of an invoice from the same supplier.

Navigate to Payments in the side menu, under 'Payables'
Click 'Select' in the table header to enter Select mode
Select an Invoice for a Supplier you also have a Credit Note for (this can be multiple invoices)
Select the credit note you'd like to apply for that supplier
Select pay at the top of the table – note the amount is a net amount (invoice minus credit note)
Select Pay to finish.

How does my Supplier know I've applied a Credit Note?

As noted above, your supplier will be paid a net amount (invoices minus credit notes). They'll receive a remittance email from us, with a link to the Supplier Portal to view the details.

How are Credit Notes handled in accounting software?

In your accounting software, we will create a Cash Refund for the supplier which will be auto-reconciled in your Accounts Payable GBP bank account.

(Xero example)