invoice reduction

[Former Member]

while doing invoice reduction. two documents are created. 1.invoice doc 2. credt memo.

can someone please please explain what this credit memo refer to. does it mean that we own the money of vendor. is this document needed for reference in future. what is the difference between this credit memo and the one shown in MIRO transaction field?

thank you

[Former Member]

Hi

during invoice reduction two docs are generated always

one is the dcoument which conatns actual quantites and valus and second doc is a credit memo which gets generated casue of the diference in actual invoice qty and value to suggested invoice qty and vlaue

Generation of second documnt means that the amount payable to vendor is the value reduced by this credit memo.

when u post a credit memo thru miro both qty and value gets reduced and same is the case here so they both are same