This report lists Credit Notes: it is intended to help in the task of checking that stock levels and valuations have been updated correctly following the issuing of Credit Notes.

When raising a Credit Note and receiving goods back into stock, the stock valuation can become inaccurate because in situations where the Cost Prices of Items vary, Hansa cannot know the true Cost Price of the Items being returned.

To minimise the effect of this problem, it is recommended that goods are received back into stock using either the Returned Goods register (where the original Delivery was issued from a Sales Order) or the Goods Receipt register (where there was no original Sales Order). In both cases, the true cost of the Item can be entered manually after reference to the original Delivery, thus ensuring as much as possible the continuing accuracy of the stock valuation.

In the case where there was no original Sales Order, if no replacement Item is required, the original Invoice should be credited. The Credit Note should have the Update Stock check box turned off (on the 'Delivery' card), because otherwise the stock valuation will be updated with the wrong value (it is the task of the Goods Receipt to update the stock). This check box is turned off by default when the Payment Terms field is changed to signify that the Invoice is a Credit Note.

This report lists all approved Credit Notes whose Update Stock check box is on. This will help you correct your stock valuation if it has become inaccurate due to being updated from Credit Notes.

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