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Former Member

Net Due Date differences in Credit Note

Hi FI Gurus,

I have pass an entry for returns Credit Note based on return order u2013 This Credit Note was created on 11/05/08 with Payment Term (T60B) 60 days from B/L date so the due date should 60 days from the B/L date means the net due date should be 10/07/08.

But in my case system is showing the same due date as the document date means the document date is 11/05/08 and the net due date is also the same 11/05/08 in FBL5N customer line item report.

Kindly can any body help me why system is behaving like this, while only passing the CN entry system is showing the same due date as doc date, for the normal customer invoice for same payment term (T60B) is calculating accurately 60 days from the baseline date.

Thanks and Regards,

Yasir

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    author's profile photo Former Member
    Former Member
    Posted on Jun 22, 2008 at 06:17 AM

    Credit memos are of 2 types

    Other Credit Memos.

    Terms of payment in other credit memos are invalid. These credit memos

    are due on the baseline date. To activate the terms of payment in these

    non-invoice-related credit memos, enter a “V” in the invoice reference field

    during document entry.

    Invoice related credit memos:

    Credit memos can be linked to the original invoice by entering the invoice

    number in the invoice reference field during document entry. In this case,

    the terms of payment are copied from the invoice so that the invoice and the

    credit memo are due on the same date.

    If you look at the second option you need to give the Invoice referevce to default the terms from Invoice or use "V" in the reference feild.

    Hope you have understood the concept.

    reward if useful.

    sarma

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    • Former Member

      Hi Sarma,

      Thanks for your valuable comments, kindly confirm what is the TAC for putting "V" in refference field while entring the credit memo, and is there in configuration required for putting "V"?

      I have tested in while entring credit memo with TAC FB70 in refference field of this TAC i have mentioned "V" but this invoice again coming with the same problem. means the doc date and the due date is still the same if i post this credit memo with the payment term (T60B).

      Pls advice the above quiry.

      Regards,

      Yasir

  • author's profile photo Former Member
    Former Member
    Posted on Sep 21, 2008 at 09:29 AM

    Un answered

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 21, 2008 at 01:30 PM

    Hi

    Best recommended practice is to refer credit memo to original document, so that credit memo also can be processed along with the original document, this will help in reconciliation, statement of accounts to vendor/customer

    Regards

    Dinabandhu

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