Credit memo for 0 value asset

[Former Member]

Hello Gurus,

We want to create a credit memo for the asset been already depreciated fully and net book value is 0. Because the vendor agreed to give some discounts on purchase price after 2 yearsu.Is it possible?

Thanks,

Bob

[Former Member · Accepted solution]

Hi,

Is your Asset was capitalised through a purchase order? then go to MIRO and choose Credit Memo in transaction selection instead of invoice on the top left corner of the screen. (please try this, i am not sure, whether it works)

Otherwise go to tranasction FB65 for posting credir memo to your vendor, there credit the GL Ordinary dep exp GL account for an amount, which you have received as discount from vendor, so by posting this credit memo your ordinary depreciation exp account will be reduced by this discount received amount.

Please try and get back to us.

Thanks,

Srinu