Debit Memo Creation Process
- Enter the debit memo or credit memo to record a credit for goods or services purchased. Credit/debit memos are netted with basic invoices at payment time.
- Negative amount invoice created by a supplier and sent to you to notify you of a credit.
DEBIT MEMO :
- In AR , Debit memo is issued to a customer to increase his liability. For example , if the customer was not charged with freight charges and we need to add them to his liability, as we can’t prepare one more invoice for the freight charges. We prepare a debit memo.
- Debit memo information is stored in RA_CUSTOMER_TRX_ALL, the type of transaction a particular row represents can be found out from the field class of AR_PAYMENT_SCHEDULES_ALL by linking the CUSTOMER_TRX_ID field in the two tables.
- Debit memo is usually not linked to any other Invoice like credit memos; the whole idea behind creating a debit memo is to increase the customer outstanding balance.
Responsibility>Navigator>Payables>Invoice
1.Select
Invoice Type Debit Memo
2.Select
Invoice Currency and enter the invoice number, invoice date. Select supplier
name.
Enter
the invoice amount (-5000).
Enter the amount, GL date and account code
Click OK
Responsibility>Navigator>Payables>Payments
Select supplier name and supplier site.
Click enter/adjust invoice.
1. Before adjustment only view standard invoice total.
2. First you select standard invoice amount and then select adjust debit memo invoice amount .
Payment
overview screen.Done
Done!!
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