Extended credit note autosettlement coverage

Overview

A new enhancement has been introduced to expand the auto-settlement capabilities of credit notes within project/matter invoicing. This update ensures that credit notes can now be automatically settled across a wider range of business scenarios, giving finance teams greater flexibility and consistency in how settlements are applied.

The feature supports various combinations of system settings, allowing organisations to align credit note behaviour more closely with their preferred settlement strategies.

Key benefits

• Broader business coverage: Enables auto-settlement of credit notes in more scenarios, accommodating a variety of organisational preferences and processes.
• Flexible configuration: Respects key parameters, including original invoice referencing and automatic settlement flags, to determine the appropriate settlement path.
• Streamlined finance operations: Reduces the need for manual intervention by handling settlement behaviour intelligently and predictably.

How it works

Credit note auto-settlement now considers several configuration options across Accounts receivable and Project/Matter management. These include:

• Whether the original invoice number is referenced on the credit note
• Whether the system is configured to settle the credit note with the original invoice
• Whether Account receivable automatic settlement is enabled
• Whether PMA/MMA-specific credit note settlement is enabled

Expected behaviour by scenario