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Former Member
Nov 28, 2009 at 09:59 AM

Different G/L accounts are hitting when a create a credit memo.

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Hi Experts,

This scenario is a Fixed Bid Contract (Fixed Bid value).

When I create the Credit memo with reference to Invoice it is hitting the wrong accounting entries like Unbilled Revenues instead of Unearned Revenue.

The process here is:

1. Creation fo contract

2. Invoice creation with ref. to Contract.

Customer Account -DR

UNearned Rev -CR

3. Credit Memo Request

4. Credit Memo.

When do the Credit Memo my accounting entries are:

Domestic customer -CR

UnBilled Revenues -DR.

Thanks

ANGKS