Can I use credit memos to save future credits?

No, this isn't possible. You can either place discounts on future invoices or save the liabilities, which the credit represents, as retainers. In CORE, you can use the Credit Memos screen to issue project credits or retainer refunds to your clients. Both are liabilities that credit your Accounts Payable and can be paid off to the client. 

Was this article helpful?
0 out of 0 found this helpful