4/22/2024 0 Comments Memo post creditThe reduction of revenue will be seen in the project. You can confirm the GL accounts that are affected by the account, -Debit AR and -Credit revenue. In either case, this will bring you to the following Posting details screen: The total amount applied will now be visible under Applications: Invoices appliedįrom the main invoice window, there are two places to access the posting detail: NOTE: You can adjust the 'applied amount' for each selected invoice to apply specific amounts to each invoice.Ĩ) Click the X icon in the top right corner to go back to the main invoice screen This will bring you to the Applied invoices screen. 100ģ) In the Description area, enter details regarding the reason for the credit.ĥ) From the Credit memo > Applications: Invoices applied > click on the blue 0.00Ħ) Select the appropriate client invoice that you want to credit.ħ) Click Add selected. This is the date the system will recognize the reduction in AR against that invoice.Ģ) In the Details area, enter the desired negative total amount. ġ) Enter the appropriate information in the header information. To create a credit memo for an advance billing invoice, please refer to the Advance bill invoices. NOTE: NEVER create a credit memo with the 'advance billing' box checked. This is if you have a credit on file with a vendor that you want to track on your side. You can also create credit memos on the AP side as well using vendor invoices. Here are some similar features you may want to explore before following these guides steps are:Ĭredit memos are created similarly to a regular invoice but with a negative amount in the line. However, you can use a manually created credit memo invoice for a variety of reasons, such as trying to reduce the AR of an open invoice. The purpose of creating a credit memo invoice is to create a credit for a client or vendor that you keep on file until it's used to pay for future invoices. Guide contents: Overview | Adding a credit memo | Connect credit to outstanding invoices | View the posting detail
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