Skip to Content
author's profile photo Former Member
Former Member

Please tell m steps to create a credit memo !

Please tell me complete the steps with screenshots

how to create a credit memo !

Add a comment
10|10000 characters needed characters exceeded

Related questions

4 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:37 AM

    Dear Jyotirmoy Deb,

    Credit memos in SAP are used to correct a vendor invoice. Once the invoice and the credit memo difference is posted in SAP, any open items left in the invoice, credit memo and payment can be cleared. To take an example, suppose you purchase office supplies worth $500. A user posts an invoice received from the vendor. Now suppose the user comes to know that $150 has already been paid on the invoice. A credit memo is used in such cases. In our example, the user will process a credit memo worth $150 in SAP. The difference between the invoice amount and credit memo i.e. $100 would be paid to the vendor via check.

    the following link will give you the configuration steps with screenshots:

    http://web.mit.edu/sapr3/windocs/fopcs06f.htm

    Do let me know in case of any queries.

    Hope this helps you.

    Do award points if you found them useful.

    Regards,

    Rakesh

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:33 AM

    Hi Jyotirmoy,

    The standard steps for credit memo creation are as below:

    1. You have created a sales order.

    2. Then you have created a delivery against it.

    3. Then you post the Goods from the delivery.

    4. The you send an invoice to the customer

    Now, the customer complains you about the product on either quantity/ price/ quality of product you delivered; in that case you will have to credit the customer back for what he is complaining about.

    For that, you will follow following steps:

    5. You create credit memo request with reference to the invoice.

    6. Then you will issue a credit memo for that customer.

    Depending upon your company policy, the credit memo will be relased by some authorised peson or may be not... it'd be a business decision...

    Hope this will throw some light on your query...

    Reward points if you are satisfied...

    Hrishi

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:42 AM
    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 22, 2008 at 09:49 AM

    Hi Jyoti,

    Step.1:- Go to transaction VA01 enter enter the Credit memo request document type (CR) and sales area then click on crete with reference tab ther you enter the Billing doc no, click on copy then enter order reason, save the document.

    Step.2 :- Go to VA02 enter your Credit memo request no press enter,there the document will have Billing block you need to remove the billing block to create Credit memo for that Credit memo request.

    Step.3 :- Go to VF01 enter your Credit memo request no then generate the Credit memo, System will give the Credit memo no.

    I hope it will help you,

    Regards,

    Murali.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.