How to track and report on customer credit

There are a number of reports available that allow you to track customer credit sales and redemption in Timely:

  1. Customer credit activity report
  2. Customer credit details
  3. From the Customer's record

Customer credit allows you to store a balance or credit on a customer's account, which you can then use towards their invoices. This feature is available on our Schedule and Sell plan; everything you need to take your business to the next level. Find out how to upgrade in our How to change your Timely plan guide.


1

Customer credit activity

This report breaks down your credit activity by Staff member or  Location. You can see the monetary value of issued and redeemed credit. 


2

Customer credit details

This report shows a breakdown of credit by Customer. It can be filtered by Date too.

The report also shows important information like whether the Status and the Expiry date. This is a good way of working out your current credit liability.

Pro accounting tip: A liability is an obligation and it is reported on a company's balance sheet. For credit, this means you are obligated to allow that customer to redeem the credit for the set amount, and it will not be counted as revenue until it is redeemed. 


3

View a customer's credit balance

You can view any credit that a customer has been issued from their customer record. 
  1. You can see any credit they have remaining directly from the summary page: 
  2. You can then head to the Customers page and view the Credit tab, to find out more about their credit history:

Still need help? Get in touch with the Support Team Get in touch with the Support Team