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Credit memos4/16/2024 ![]() ![]() When you record a price correction for a credit/debit memo, you are recording a price decrease from the original invoice. You can record a price correction by checking Price Correction when you match a credit/debit memo to a purchase order shipment or purchase order matched invoice distribution. Use a price correction when a supplier sends an invoice for a change in unit price for an invoice you have matched to a purchase order. ![]() Payables also updates the amount billed on the originally matched purchase order distributions. Payables updates the quantity billed for each purchase order shipment and its corresponding distributions by the amount of the credit/debit memo. Payables automatically creates invoice distributions for the credit/debit memo based on the purchase order distributions associated with the purchase order shipment you match to. Payables prorates, based on the quantity billed, your credit amount across all purchase order distributions associated with the purchase order shipment to which you match the credit/debit memo. Payables also updates the amount billed on the purchase order distributions. Payables updates the quantity billed for each of the originally matched purchase order shipments and their corresponding distributions by the credit quantity you enter. Payables automatically creates invoice distributions for the credit/debit memo based on the original invoice distributions that you select. You can allocate the credit amount to specific invoice distributions of the original invoice.
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