debit memo and credit memo

[Former Member]

hi

can any one explain about

difference between credit memo and debit memo

when we get debit memo and credit memo

what is process in sap

andance thanks

vmreddy

[Former Member]

Hi

Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo.

Credit Memo - A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor.

Credit memo request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo.

As mentioned above, creating a credit or debit memo request enables you to create credit or debit memos based on a complaint. For this first create a sales document with the order type for a credit or debit memo request. You can create the debit or credit memo requests in the following ways:

– Without reference to an order

– With reference to an existing order

Here you enter which order the complaint refers to.

– With reference to an invoice

Here you enter which invoice the complaint refers to.

In all cases, you specify the value or quantity that should be in the credit or debit memo

Assign points

Z

[Former Member]

hi,

Debit memo is issued when w want to give effect to our vendor or customer. For eg. for charges paid say hamali on behalf of customer or vendor not included in bill we increase customer or vendor account by debit memo.

By refering to above example when reverse is the situation we issue credit memo.

Hamali is only one example this can be used for many transactions like exps on sales promo, exp borne not part of standadard business process,,,,etc,

Warm Regards

[Former Member]

hi,

in SAP notes, both debit memo and credit memo exists but the notes are same for both.

In other words you could use credit memo for both debits and credits. In AP it creates a debit to the vendor and in AR it creates a credit to the customer.

point please.

thanks