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Misc Credit Notes

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Created by Peter W (British Airways) on 2011-02-16 10:01:01 Back to Topics

Misc Credit Notes

According to the ISPG section 5.3, values provided on a credit note should be negative. But which values ?
For example on the Line Item record, i'm asssuming ChargeAmount, TotalVATAmount, TotalTaxAmount & TotalNetAmount would be negative, but what about UnitPrice ?
On the Tax record, would it be that TaxableAmount & TaxAmount are both negative. Same for Add On Charges
Replied by Ashley H on 2011-03-01 13:37:00
Dear Peter,
 
If the Charge Amount is reported as negative in the Credit Note, the Unit Price will also be negative. The Quantity will be positive in all cases (Invoice or Credit Note) and thus it will satisfy the condition Charge Amount = Unit Price * Quantity.
 
Similarly, on the Tax record if both TaxableAmount and TaxAmount are reported in the Credit Note, both will have a negative sign. The Taxable percentage will however be positive in all cases (Invoice or Credit Note). Same logic applicable for AddOnCharges as well.
 
This will be clarified in more detail in the next release of ISPG.
 
Best regards

From:
Posted: Wednesday, February 16, 2011 10:01 AM
Subject: Misc Credit Notes

According to the ISPG section 5.3, values provided on a credit note should be negative. But which values ?
For example on the Line Item record, i'm asssuming ChargeAmount, TotalVATAmount, TotalTaxAmount & TotalNetAmount would be negative, but what about UnitPrice ?
On the Tax record, would it be that TaxableAmount & TaxAmount are both negative. Same for Add On Charges
 
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