Blanket Order Credits

Blanket order credits will be applied to new blanket orders from when your community has enabled Add Invoice Credits to Available Funds. Please engage with your Account Manager to enable this setting.

When raising a credit against a Blanket Order, an Invoice Acceptance task is generated for the 'Available To' members who can accept and apply this against any Retrofit Release Order on the blanket. When this is performed, the amount will be added back to the available funds on the Blanket Order.

1) A Blanket Order has Release Orders/Invoices entered and these reduces the Funds Available (e.g. Funds Available $93,000 after 2 invoices were Accepted)

2) Create a Credit invoice against this Blanket Order:

3) When clicking on Accept/Reject button for a Credit invoice, a succeeding screen will confirm to which Release Order will the credit be applied.

Once a Credit Invoice is Accepted, the Funds Available will be updated accordingly with the Credit Invoice Amount:

The system will update the Funds Available on Blanket Orders as follows:

• Approved Release Orders reduce the available funds
• Invoices against Retrofit Release Orders in the Invoice Accepted state will do the following
  • If the invoice total is a negative (i.e. a credit) the available funds will increase
    • If “Include Shipping” and “Include Tax” are both enabled, we credit the Invoice Total value
    • If “Include Shipping” is enabled, but “Include Tax” is disabled, we will use the Invoice Subtotal plus the Shipping value
    • If “Include Shipping” and “Include Tax” are both disabled, then we use the Invoice Subtotal only