AWS now enables customers who pay through electronic funds transfer to configure preferences for how credit memos are automatically applied to outstanding invoices. Customers can choose from different application preferences directly on the Billing and Cost Management console to match their internal payment processes. These options include combinations of applying credit memos to the original invoice, next eligible invoice, and oldest unpaid invoice. By default, credit memos are applied to the original invoice first, then to future invoices, unless a different preference is selected.
Automatic credit memo application preferences are available in all commercial AWS Regions. To get started, visit the Payment Preferences page in the AWS Billing and Cost Management console. To learn more, see Managing balance application preferences.
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Source: Amazon Web Services
