How to Create and Apply Credits in Xero

Audience: Accounting Manager

ERP: Xero

Summary: Explains how to create credits in Xero so they can sync to MineralTree. Credits cannot be created or applied in MineralTree; they must be created and applied in Xero before payment processing.

Create Supplier Credits in Xero

1. In Xero, go to Purchases > Bills.

2. Select New Credit Note, or open an existing bill and choose Add Credit Note.

3. Enter the supplier, date, amounts, and account coding.

4. Save the credit note.

    

Apply Credits to Bills in Xero

Credits must be applied in Xero. MineralTree will sync the updated bill balance after the credit is applied.

Option 1: Apply the Credit from the Bill

1. Locate and open the bill that requires a credit.
2. Select Credit this bill.

4. Choose the appropriate credit note and allocate credit.

5. Confirm the remaining balance on the bill is correct.

Option 2: Apply the Credit from the Credit Note

1. Open the credit note.
2. Select Allocate Credit.

3. Choose the bill(s) you want to apply the credit to.
4. Enter the amounts to allocate.

5. Apply the credit and confirm the updated bill balance.

After Applying the Credit

• The updated bill balance will sync to MineralTree on the next sync cycle.
• Once synced, the remaining balance can be paid from the Invoices tab in MineralTree.
• Credit information will appear on the remittance associated with the payment.

Note: Credits must be applied in Xero before invoices are moved into the Selected Payments queue in MineralTree.