Suggestion:
1) One option is we can adjusts Credit Notes with Invoice through receivable JV.
2) We can use the Automatic AR settlement preview process.
3) Here we can select the tran type, Site, Customer code, date of transactions, JV Auto confirm, Suggest adjustment.
4) After clicking next system will show the list of transactions for the process.
5) After this we can use the Automatic AR settlement process and do the Adjustments.
For Automatic AR settlement user should go to Finance-> Receivables->Remittance->Automatic AR settlement (Preview)