Credit Note is a document that specifies the money owed by a business to its customer. The seller usually issues a Credit Note for the same or lower amount than the invoice, and then repays the money to the customer or sets it off against other 'due' invoices.
Rainex supports two types of Credit Notes - Adjustment Credit Note and Refundable Credit Note.
Adjustment Credit Notes are created for the 'unpaid' component of the invoice and it can have status - adjusted.
Refundable Credit Notes are created for 'paid' component of the invoice and it can have statuses - refunded, refund_due.
The credits available in the Refundable Credit Notes will be automatically applied when a new invoice gets generated for the customer.
Rainex API supports 3 endpoints for interacting with credit notes: