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Former Member
Nov 05, 2012 at 11:20 AM

Adjust A/R Credit Memo against A/R Invoice

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Dear All,

I want to adjust the A/R Credit Memo against the A/R Invoice at the time of invoicing only. below is the example

1. I made an A/R invoice to Customer1 of Rs. 1,00,000.00 on Date 01-11-2012.

2. Customer1 made payment of Rs. 1,00,000.00 on Date 03-11-2012.

3. I made Incoming Payment Entry of Rs. 1,00,000.00 on Date 03-11-2012.

Now balance for Customer1 is 0.

4. Now due to some reason, I have to give Customer1 a Credit Note of Rs. 20,000.00. Hence I made an A/R Credit Memo of Rs. 20,000.00 towards Customer1 on Date 05-11-2012.

Now I am suppose to pay Rs. 20,000.00 to Customer1.

5. Again I have to make one more A/R Invoice to Customer1 of Rs. 50,000.00 on Date 10-11-2012.

On that basis, what I want is, I want to adjust Credit Memo of Rs. 20,000.00 against the A/R invoice of Rs. 50,000.00 while invoicing only.

Can anyone Guide me..

Thank you.

With Best Regards,

Vimal Rupera