How to Create and Apply Credits in Intacct

Audience: Accounting Manager

Accounting System: Intacct

Summary: Reviews how to create and apply credits to bills in Intacct so that they can be reviewed in MineralTree. You cannot create or apply credits in MineralTree; it has to be done in Intacct. You can capture and create negative line invoices in MineralTree, but they must be applied in Intacct.

Create Credits in Intacct 

1. Add Account Adjustment by clicking on Accounts Payable -> Adjustments.
   
2. Enter Account Adjustment information then post.
   •  Choose “Debit Memo” – NOT “Credit Memo” 

Note: Credits can be created in Intacct, by posting a negative line invoice from MineralTree to Intacct. Negative invoices can only be posted, and cannot be routed for approval. Negative line invoices still need to be applied to a specific invoice in Intacct.

Apply Credits in Intacct 

1. Go to Accounts Payable -> Pay Bills.
   
2. On the Pay Bills screen, find the bill to which you wish to apply the credit.

i. Select the check box to the left of the relevant bill and click Apply Credits.
ii. Adjust the balance of Amount to Pay (must be $0).
iii. Select "Pay Now".

3. The changes to the bill will sync to MineralTree within a few minutes.

4. For detailed next steps on reviewing and managing credits in MineralTree, please see Apply Credits in Accounting System to Review Credits In MineralTree.

• Phone: 855‑672‑9669
• Email: mtsupport@mineraltree.com