Linking Credit Note from JV to Revenue

1

Good day all.

Please is there a way to raise a credit note from JV to affect the revenue?
I discover that the credit note raised from jv only affect the invoice but doesn’t have effect on the total revenue.
Kindly assist if there is a way out of this as a prefer using jv instead of from sales invoice.

2

which account you have debited when you created credit note from JV?

3

The stock account

4

The customer is debited against the sales account when you created the sales invoice right? stock account was credited against the cost of goods sold account. If you are creating a credit note for the customer through JV, sales account should be debited. How about the inventory? Are you getting it back?

5

Thank you for your response @Saumyaseelan_Pv. I was making the mistake of debiting the stock for a service render rather than debiting the revenue in which it report to.
I have been able to solve the issue.

Thanks.