I keep basic accounts on excel. best way of recording cr notes received.

[Angel28]

This might seem like a silly question but here goes. We run a small business and I keep basic accounts on excel. I was just wondering if someone could shed some light on the best way of recording cr notes received. Obviously they effect the supplier account but should they be included as a form of "income". Thanks.

 

[JJ1982]

Re: Accounts

No, its best you post it against purchases as its not income earned by you

 

[Graham_07]

JJ is correct, in excel purchases enter it as a "minus" amount.

 

[nolo77]

I agree with Graham. I would go one step further and highlight all credit notes by changing the font to red. That way, you just have to look at the spreadsheet and you will spot all the credit notes at a glance. Just a thought!