Please suggest how in the condition system only consider the remaining value, did it required an other procedure. It automatically not credit the customer by remaining value although in the condition two lines are appeared with BO03 and second is same with BO03, in below line it show me the remaining value $4. Now issue arise and required your expertise, if i am going to close the agreemetn or lets say run the final settlemt, i need that if there is any amount laying in the accural system only consider that and at the time of closing credit the customer by that value, in our case it is $4.īut when i go to rebate agreemnt and after changing the status to B run the final settlemt, system only shows me the value that i have already booked through credit memo., my procedure is same. While credit memos can be issued in conjunction with. Unlike a refund, a credit memo does not remit money to the customer. A credit memo is a negative invoice you send to buyers to reduce the price of a previous invoice. Credit memos may be applied to future purchases of goods or services. Cash Application Maintain Billing Documents Create a billing document for a customer and inappropriately post a payment from the same customer to conceal non-payment. Short for 'credit memorandum' and also known as a credit note, a credit memo is a document that reduces a customers or clients total account balance. Generated by Jive on +01:00 1 How the sales returns will effect after. Settle again - this time with the payment value 0.00. Set the payment value in the credit memo request for the final settlement to zero. In the above screen the G/L for accrual is not displayed. At the time of final settlement system has generated a credit memo. After some time we realised that accruals should have been at the rate of 1 instead of 2 and we made changes in the condition records of rebate agreement. Accounting document after processing the rebate after the tax rate was changed. A rebate agreement is created for a year with 2 of accruals at first stage and a partial payment is done. The reason for reversing was to the change the tax rate. The accounting entries are correctly reversed. Till now every thing is ok, and when I post the credit memo, system generate the following entry that is OK. Credit Management Sales Rebates Manipulate the users credit limit and assign generous rebates to execute a marginal customers order. If it is absolutely required to change a final settlement affected rebate agreement again, you can proceed as follows: 1. Of the credit memo for partial rebate settlement. In credit memo request i change the pricing procedure little bit becasue other wise it also call MWST will create problem while saving invoice so for that issue i made another pricing procedure and in that pricing procedure only input the BO03 condition type. Now i go to rebate agreemetn and see the accural value system show me the correct value $10 in the "Max Amount field" and in amount to be paid i input $6 and save the document, system automatically generate the credit memo request. I have created a rebate agreement on qty basis, at the time of invoice system calculate the rebate in the invoicing condition, and along with normal entry also post the following entry.Īctual mechanism of the condition is coming like this,īO03 $10 (this will generate the above mention entry of rebate expense and rebate payable)įor above all my pricing procedure is ZXYZ
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