Negative Line Priced Items for Invoices

Negative Line Priced Items for Invoices

Introduction

The ability to include items with negative prices on invoices introduces greater flexibility and compliance for your invoicing process. This feature is particularly valuable for managing advances, returns, or buybacks, which are essential for legal and accounting purposes. This guide will help you utilize this feature effectively.

How to Use

1. Create an Invoice:

   • Go to the invoice creation section within your account.

   • Click to start a new invoice.

2. Add Products On-the-Go:

   • As you create the invoice, you can add products directly without needing to pre-save them in your product list.

   • Input the product details, including any negative prices if necessary.

3. Finalize the Invoice:

   • Complete the invoice by adding any additional items or details.

   • Check the total amount to ensure that the negative prices are correctly deducted from the final amount.

4. Save and Send:

   • Save the invoice. Note that items with negative prices cannot be saved for future use.

   • Send the invoice to your client as usual.

Note: Businesses using Stripe can now offer additional payment methods, including:

• iDeal: Popular in the Netherlands.

• Bancontact: Common in Belgium.

• SEPA Direct Debit: Widely used across the European Union.

Benefits

• Enhanced Flexibility: Enables more versatile invoicing, accommodating a broader range of transaction types.

• Compliance: Simplifies compliance with legal requirements by accurately representing advances, returns, or buybacks on invoices.

Pro Tips

• Non-Saveable Items: Remember that items with negative prices cannot be saved for later, ensuring their use is limited to necessary transactions.

• Tax Considerations: Negative-priced items cannot have taxes applied to avoid conflicts with existing APIs. Double-check the tax calculations on the final invoice.

FAQ/Use Cases

• Why can’t I save products with negative prices?

  • This restriction ensures that negatively priced items are used only when necessary and maintains system integrity.

• Can I apply taxes to negatively priced items?

  • No, taxes cannot be applied to items with negative prices to prevent API conflicts.

• How does the calculation work with negative prices?

  • The negative prices are subtracted from the final total, ensuring accurate invoice totals.

Examples

• Return of Goods: If a client returns goods worth $50, add a negative-priced item of -$50 to the invoice to reflect the return.

• Advance Payment Adjustments: For adjusting advance payments, add the advance amount as a negative price on the invoice.