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author's profile photo Former Member
Former Member

Credit Memo

hi friends,

When there is a return order, a credit memo needs to be created for PO. Thus, the accounting entries for credit memo will hit vendor as additional entry. Therefore how to clear the vendor account since there is additional amount posted to it with regard to credit memo.

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jun 13, 2007 at 11:35 AM

    This could be handled through FI JV.

    Regards,

    Rajesh Banka

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 12, 2007 at 09:40 AM

    Hi

    After balancing both debit and credit ....for the balance figure only system will get paid and clear the amount. Whie using the APP system automatically calculates the net payable and get clears the vendor. In case of manual payment you have to give the balance payable amount select both invoice and credit memo

    VVR

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 13, 2007 at 11:37 AM

    Transaction F.13 will also clear Vendor Balances that are Zero.

    D-Invoice (100)

    C-Payment (80)

    C-Credit (20)

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