Automatically apply credit note to the next recurring invoice

Automatically apply credit note to the next recurring invoice

Dear Zoho,

I seem to remember there was a setting that allowed me to choose to automatically apply open credit notes for a client to his/her next recurring invoice but i can't seem to find this option any more.
Is this feature still available or do i have to apply the credit notes manually?

I'm informing about this as i reward clients who refer a new client with a credit note that would be applied to their next hosting invoice (which are recurring invoices).

Greetings,
Manuel