Skip to Content

Do credit memos automatically debit a cash account?

Jan 13, 2017 at 04:07 PM


avatar image
Former Member

I have accrued expense: + AR account and - Cogs and now I have received a credit note to my GL. Therefore I want to credit the AR account and debit a cash account.

I can make an entry to move the $ and credit AR, but does the credit memo already debit cash when it is processed?

10 |10000 characters needed characters left characters exceeded
* Please Login or Register to Answer, Follow or Comment.

0 Answers