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Former Member
Jul 29, 2016 at 03:08 PM

COPA sign issue

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Hello All ,

We have below scenario and the issue is with the COPA signs , I searched a lot but I did not get a good reply

work , so wondering if any one can advise or guide me

1) We purchased some Service from the Vendor for 3000$

2) We Received the Services worth 3000$ literally and within the system

3) We Created invoice and Made payment to the vendor for 3000$

4) Services Worth 500$ were subsequently found to be not completed and We are requesting credit from the Vendor and
Vendor agreed to pay 500$ to us

5) We Gets 500$ from the Vendor

So we have

PO Vendor 2000 GR 2000 IV 2000

For the 500$ which the vendor owes us , we will create a credit memo for the same ,

Credit memo --> Bill it to get below accouting and print the invoice as well .

so AR Debit

CR Revenue GL (Maybe a new account here)

Till here its okay , but when it goes to COPA we want to see that 500 with a -ve sign , presently it is flowing as +ve

I tried different options and I also tried to use the signs in COPA but that did not work either

Appreciate everybody's help and support well in advance

Thanks a million !!

Aryan