Credit and Rebill
The Credit & Rebill feature allows you to credit the entire invoice and rebill it. This is helpful when you want to make any changes to the invoice without any pricing change or any impact on the billing schedules.
Credit & Rebill creates credit memo line items for each invoice line item. The credit amount is equal to the invoice amount. When you approve the credit memo, a Related A/R transaction record is created with the "Credit & Rebill" reason code. The status of all the billing schedules changes to Pending Billing.
Note: Credit & Rebill functionality is only applicable for:
- Approved invoices
- Approved invoice that is not yet paid or partially paid
- Invoices with no associated credit memos
