#Ar credit memo code

standard item category used is G2N order related billing type G2 (invoice)ħ. It is suggested to make the rejection reason, reference to billing document (invoice) and billing block in credit memo a mandatory field to ensure the traceability.Ħ. It is the billing in the finance dept, which in turn is the actual creation of a credit note that is sent to the customer.ĥ. when configuring the sales document type credit memo request G2 you can automatically set a billing block that can be released by an authorised person during processing prior to billing.Ĥ.

in this case the customer is requested to scrap the material sent and is given an account credit.Ģ.Ěnother case is when the customer is over charged for goods he purchased and we only realise that after billing.ģ. You can edit the transaction, or ignore the warning and save the entry.1.Ĝredit memo is generally issued in two cases - either when customer returns goods previously purchased and requires a credit or customer is credited without reference to any return of goods when goods sent to him are found to be defective and a return delivery or a repair would exceed the cost. Close the A/R Credit Check screen if you receive a warning. Note: If you use credit checks for the customer, Accounts Receivable warns you if the customer has exceeded their credit limit or has transactions that have been outstanding for too long.

Click Save to add this document to the batch.

If the document does not use the functional currency and you need to adjust exchange information, use the Rates tab to adjust them.įor more information, see Editing Exchange Rate Information on an Invoice.

To allocate amounts to salespersons, or to revise existing information, use the Sales Split tab.įor more information, see Allocating a Sale to Salespersons.

If you use invoice optional fields, click the Optional Fields tab to view or edit the optional fields assigned to this invoice.

In a multicurrency ledger, you also specify the type of rate to use when you process the retainage.

On a document from which retainage will be deducted, use the Retainage tab to specify terms for the retainage document.

To check or change taxes amounts for the invoice, click the Taxes tab.įor more information, see Editing Taxes on an Invoice, Debit Note, or Credit Note.

To check or change tax information for a detail, select the detail, and then click the Detail Tax button.

If you use optional fields, click the Optional Fields field and check, change, or add optional fields for the detail.

Enter an optional comment, and indicate whether to print the comment when you print the debit note or credit note.

If retainage applies to the document you are adding, enter the retainage percentage or amount, the retention period, and the retainage due date for this detail.

You can enter a negative amount, but the invoice total cannot be negative. You can change the description for the distribution code.

#Ar credit memo code

When you move to another field, the description for the distribution code or account you enter appears in the Description field. Enter the distribution code or the general ledger account number.If this is a job-related document, enter the contract and project, and (as applicable) the category and resource.In the detail entry table on the Document tab, add summary details for the invoice.Note: In the Document Type field, select Credit Note, Debit Note, Retainage Credit Note, or Retainage Debit Note. Any special instructions regarding the credit note or debit note.Purchase order and sales order numbers (if known).The posting date determines the fiscal year and period to the document is posted in the general ledger. The document date (for aging and statistical purposes).The Apply-To Document (the number for the invoice you are crediting).Accept the entry to have the program assign a number to the document. If you are processing a retainage credit note or debit note, specify the original document for which you are now processing retainage. Ship-to location and a ship via method.Retainage fields also appear in the detail-entry table where you specify the retainage percentage or retainage amount, retention period, and retainage due date for each detail. If you have a multicurrency ledger, you also use the Retainage tab to specify whether to use the original exchange rate or the current exchange rate when you produce the retainage document. When you select the Retainage option, the Retainage tab becomes available where you specify the retainage terms for the document. The Retainage option appears in Invoice Entry only if you selected the Retainage Accounting option for your Accounts Receivable system.