Invoice Updates

Additional changes to the invoice system and layout to abide with EU and other regulations while also providing more informative details on invoices.

Summary of changes:

• Invoice numbers are now consecutive numbers on a per-vendor account basis.

• Refunds will NOT affect the original invoice since it is not an invoice. Instead a NEW invoice (called a “Credit Note”) will be created to reflect the refunded amount.

• Invoice ID's will all start with I-. and Credit Note ID's will all start with CN-

Further notes for refunds:

1. Refunds are called a "Credit Note", NOT an “Invoice”

2. The Invoice description will refer to the invoice being credited against due to the refund.

3. Vendor’s have the ability to enter the reason for the refund on the credit note

4.Refunds/Credit Notes will calculate the portion of the refund that's tax.

1. Credit notes will also be sequential, and will have their own number sequence

To learn more about invoices and credit notes visit: https://support.paykickstart.com/knowledge-base/sending-invoices/