How to create an AR Credit Note with CIS deduction
- First, set up an AP Credit Note workflow in ApprovalMax.
- Then, create a Credit Note in Xero, specify the CIS account for Accounts Receivable, save the request and submit it for approval:
- Sync the requests from your Xero Organisation to ApprovalMax:
The CIS deduction is calculated based on the Organisation's settings and does not have an impact on the total amount.
How to create an AP Credit Note with CIS deduction
First, set up an AP Credit Note workflow in ApprovalMax. Then, create a Credit Note in Xero, specify the CIS Contact and CIS account for Accounts Payable, save the request and submit it for approval: Sync the requests from your Xero Organisation to ...
How can I use CIS with ApprovalMax?
Construction Industry Scheme settings for Organisations You need to set up CIS in Xero. To do so, go to the Accounting menu and select Advanced, then open Financial settings. Under Construction Industry Scheme, select whether you are a registered ...
Construction Industry Scheme (CIS) support
What is CIS? Contractors and subcontractors in the UK construction industry are subject to special rules and regulations within the Construction Industry Scheme (CIS). Under this scheme you can manage contractor invoices, subcontractor bills, file ...
What is the Construction Industry Scheme (CIS)?
In the UK construction industry, contractors and subcontractors are bound by specific rules and regulations outlined in the Construction Industry Scheme (CIS). This scheme governs various aspects of financial management, such as contractor invoices, ...
How to create a Sales Invoice with CIS deduction
If you are a subcontractor doing construction work for a contractor, you’ll probably need to make a CIS deduction on your Sales Invoices. Xero will automatically calculate the CIS deduction for a Sales Invoice (Accounts Receivable Invoice) if two ...