You can create credit memos for a Credit type of payment recorded against an invoice. You can use it to inform clients that you have reduced their outstanding balance.
To create a credit memo:
Open Credit Memo screen from the Billing menu.
Select a Client (whose memo you want to create) from the Client ID list.
Select a Project ID for the client against whom you are recording the payment.
Next, enter the payment Date and Amount.
Optionally, enter a Memo, Reference number or unlimited length Description related to the credit memo.
Apply the credit amount to the invoices by manually entering the Amt Applied in the grid. Else, use the Auto Apply option to apply the amount automatically to the listed invoices.
Click Save to save the credit memo.
You can click Print to print the credit memo or Pay to record a payment.
When you have finished, click Close.
You can record a credit memo from the Payment screen as well. When you select the Credit payment method, BillQuick Online asks if you want to print a credit memo after saving the payment record.