Diff bet credit memo and credit memo request
Hi
Can any one tell the difference between Credit Memo and Credit Memo Request
Thanks in advance
Hi,
Below is the information on crdit memo request.
Definition: A credit memo request is a sales document used in complaints processing to request credit for a customer.
Use: If the price calculated for the customer was too high (for example, with the wrong scaled prices or because a discount was forgotten), you can create a credit memo request. The credit memo request can be automatically blocked for checking. Once it has been approved, you can remove the block.The system uses the credit memo request to create a credit memo.
Structure: A credit memo request is another type of sales document like a standard order. For more information on sales documents, see Working with Sales Documents.A credit memo request starts the billing process.
=============================================
Below mentioned is the information on Credit Memo.
Definition: The term credit memo always refers to a credit memo from the vendor. Therefore, posting a credit memo always leads to a debit posting on the vendor account.
Use: As in the case of invoices, credit memos refer to purchase orders or goods receipts. They are used to correct the purchase order history if the quantity invoiced was too high, for example, if an invoice was too high or if part of the quantity was returned.
When you post a credit memo, the total quantity in the purchase order history is reduced by the credit memo quantity.
If you do not want the total quantity invoiced to be reduced, you must post the credit memo as a subsequent credit.
Hope this helps. Please let me know if you need more information and please assign points.
Rgds
Manish
Similar Messages
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Regarding credit memo and debit memo
Hi Friends
In how many ways we can create credit memo and debit memo?
plz reply
thanks in advanceHi Venkata,
Credit memo is billing document type.
You can create it with the refrence of
Credit memo request,
Order
Invoice
Refused delivery return
Regards,
MT -
Debit memo and credit memo rule
hi
may i know why there is debit memo like bank transfer(debit memo), returned debit memo, check debit memo
and credit memo like check credit memo through bank
in posting rule.
what is the meaning of debit memo and credit memo in posting rule of electronic banking.
thankshi elina,
Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo.
Credit Memo - A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor.
Credit memo request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo.
T.codes FB75 or FB70
To create Credit / Debit Memo request:
- Use the same procedure that you use for Creating Sales Orders i.d T Code VA01
- Give Order Type as CR for Credit Memo and DR for Debit Memo reuest
While creating the request you have to enter Customer Number, Reason for the request. and Material and its quantity. Once the credit or debit memo request is released you can create credit or debit memo. The credit memo request will be automatically blocked for checking with Billing Block 08 (to check credit memo) & 09 (to check debit memo) for the sales order type CR
ranjit -
Dear Expert,
I always confused on Debit memo and Credit memo...especially the business scenario behind and how it is reflecting in SAP system.
Let's take this example:
e.g the Price in the main Invoice is lesser than the actual price, and the difference needs to be recovered from the customer.
My analysis:
"The invoice is lesser than the actual price", Means Product should cost 100 USD, but we billed customer only in 80 USD, there are 20 USD difference. Customer should pay us the rest 20 USD. So our Account receiivable should be increased. So we need create Debit memo to customer and ask them to pay the money. Customer received the Debit memo, they will create credit memo and send it to us said they will pay the money.
Am i understanding correct??? Please kindly share in case you have better simple example. Thank you very much.Your understanding on the subject is absolutely correct.
Let me share an another example with you for debit memo.
These manufacturer of nuts and bolts. Previously they have 100 nuts in one pack, but then they changed it to 120. But the order which was already made for 10 pkts delivered 1200 nuts instead of 1000. So they require to raises Debit memo.
But, these Debit memo generally avoid, b'coz people take at most care in creating a invoice. And people do like to pay when they are receiving end.
Where as, Credit memo can be result of return or complaint of defect or less quantities delivered.
Well, their behavior is control by SD document categ at billing doc type (Tcode VOFA)
- P is for Debit Memo (L2)
- O is for Credit Memo (G2)
These SD document category classify for the different types of documents that you can process in the sales and distribution system (for example: quotations, sales orders, deliveries, and invoices). So, these determines how the system stores and keeps track of document data. It enables the system to provide you with status information about delivery processing, billing, and documents that are used for reference (for example, inquiries and quotations).
So, if we summaries it,
Credit memo - Created to reduce the amount of an existing vendor payable, or customer receivable.
Debit memo - Used to recover costs from another department or faculty. May also be used to correct an incorrectly posted entry.
Hope this suffice your requirement.
Thanks & Regards
JP -
Regarding credit memo and debit memo in AR and AP
HI All,
Can any one explan the concepts of the debit memo and credit memo in AR and AP with example.
So that i can understand the exact logic when it's in payble or receivables
regards
SujeetHi Sujeet,
In AP
Suppose we [Company] have ordered for 100 items.
Suppier bring only 90 items but the PO is of 100 items and supplier said he can't give more items.
So what we can do we can ask the suppier to raise a credit Memo in case the supplier is not ready for this then we can raise a Debit Memo againt the supplier.
because we have to match invoice with PO [Match Options]
In AR it is just opposite.
Thanks
--Anil -
Credit Memo and Debit Memo extraction by extractor
Hi,
I've to extract data from 2lis_13_vditm datasource.
Let us say if credit memo and debit memos are coming from this then key figure values are going to be multiplied with -1 for credit memo and debit memo will come +ve values correct?Hi
This may be helpful.
use the same Invoice Script/smartform for Credit/debit memo's
INVOICE
Output type : RD00
ScriptForm Name : RVINVOICE01
Driver Program Name : RVADIN01
smartform name : LB_BIL_INVOICE
Smartform Driver Pgm: RLB_INVOICE
Reward points if useful.
Thanks & Regards
vinsee -
Idocs to create credit memo and debit memo
Hi,
I need your expertise in creating credit memos and debit memos in sap using idocs.
I am working on integration between third party system and sap using web methods.
My requirement is to create credit memos and debit memos in sap using idocs.
Could you please help me with the message types for the credit and debit memos.
Thanks
RajuHi VJ,
thank you very much.
Is it possible to create credit memo without any reference to document in SAP.Because the third party system only sends very small amount of data
(customer number, amount, paymentmethod, date).
Can i be able to create the credit memo with the above information
Please help me..
Thanks
Raju -
Sapscript for Debit Memo and Credit Memo
I want to create the debit memo and credit memo scripts.
I am not getting the standard scripts and output type so that i can modify it and according to my requirement.
Please let me know the standard sapscripts for the credit memo and debit memo.Hi
use the same Invoice Script/smartform for Credit/debit memo's
INVOICE
Output type : RD00
ScriptForm Name : RVINVOICE01
Driver Program Name : RVADIN01
smartform name : LB_BIL_INVOICE
Smartform Driver Pgm: RLB_INVOICE
Regards
Anji -
Report to identify invoices, debit memos and credit memos
Hi,
Just enquiring if there is a report in SAP that will identify all invoices debit memos and credit memos issued within a particular date range.
Thank you.Hi,
You can try VF05 as Navaneet indicated and also you can try VF05N (for only the header details), if you are using ECC 6.0
If you have VF05N, then you can tick 'Biling Documents in FI'. It will give you the billing docs for a date range and the ones that have been released to accounting....
Hope this helps
Thanks
Mukund S
Edited by: MukundHS on Jul 26, 2010 6:52 AM -
Need Debit Memo and Credit Memo
Hi,
What is the purpose of Debit Memo and Credit Memo, Is it bothe useful for Customer and Vendor.
If any body having document on this pls. What are the steps need to process.
Urgent
Rgds
sunficoHi,
Good morning and greetings,
You can raise a Credit Memo for a Vendor using the transction code FB65 (without reference to an invoice) or MIRO (if it is with reference to an invoice) and the system would pass the following accounting entry
Dr. Expenses A/c
Cr. Vendor A/c
This particular document would have a payment term and payment due date. While running Automatic Payment Process, depending on the payment method the system will pick up the document and create a cheque / electronic transfer etc for the vendor with the following entry
Dr. Vendor A/c
Cr. Bank Clearing A/c
In the case of Customer you can account the credit memo (without reference to invoice) using FB75 or VA01 (Order Type CR, if it is with reference to an invoice). While you create the billing document for the order type CR the system would raise the following accounting
Dr. Expenses A/c
Cr. Customer A/c
This particular document would have a payment term and payment due date. While running Automatic Payment Process, depending on the payment method the system will pick up the document and create a cheque / electronic transfer etc for the customer with the following entry
Dr. Customer A/c
Cr. Bank Clearing A/c
Hope this meets your requirement...Please reward points if found useful
Thanking you
With kindest regards
GVR -
Differnece between credit note and credit memo
Hi Gurus,
Can you please explain differnece between credit note and credit memo clearly .. r they same?
Regards,
SubbuHI,
ref the link, whihc will give the complete info
http://help.sap.com/erp2005_ehp_04/helpdata/EN/a8/b99890452b11d189430000e829fbbd/frameset.htm
and blw explanation
Subsequent Debits/Credits are used in cases where the quantity is in the original invoice is to remain the same. For eg.
PO 10 - $10
Gr 10 - $10
LIV 10 - $11 (Logistics Invoice Verification)
The vendor invoice is more than that in the Purchase Order. In order to correct, the Vendor may send in another invoice for
the Increased amount or a credit memo for the increased amount.
If you approve of the price increase, post the subsequent invoice received as a Subsequent Debit/Credit Invoice.
If it is a credit memo that has been received, then post the credit memo as Subsequent Debit/Credit.
This would retain the quantity but reduce the amount.
Subsequent Debit/Credit is for the case when the credit is not for the full amount eg. if the Vendor decided to credit
only the $1 overcharged.
Credit memo is for the credit of the full amount and value.
Credit Memo u2013 A credit memo is received from a vendor if you were overcharged on a previous invoice. It is processed as a reversal of a previous invoice on a quantity and value basis referencing a Purchase Order. In the same way the system assumes a corresponding goods receipt was posted for the original invoice, the system assumes a credit memo is linked to the reversal of a goods receipt. You must change the transaction from Invoice to Credit memo.
Subsequent Credit u2013 You receive a credit memo from a vendor decreasing the total invoiced value on a previous invoice, not the total invoiced quantity. You must change the transaction from Invoice to Subsequent credit. It is a reduction of value but not quantity by the amount of the credit memo.
Subsequent Debit u2013 You receive an additional invoice from a vendor because you were undercharged, increasing the total invoiced value, not the total invoiced quantity. You must change the transaction from Invoice to Subsequent debit. It is processed as an increase in value but not the quantity by the amount of the additional invoice. -
Diff between Credit block and credit hold
hi all,
plz tel me the diff between credit block and credit hold
rgds,
raj..hi all,
plz tel me the diff between credit block and credit hold
rgds,
raj.. -
What is the Diff bet partner functions and business partner?
Hi friends
what is the Diff bet partner functions and business partner
Regards
AbirathHi,
In SRM there are different Partner functions like REQUESTER, GOODS RECIPIENT, VENDOR ,LOCATION.
All the org units or users in SRM will have a unique identification number called Business Partner Number maintained in table BUT000.
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Thanks & Regards
KanniHello,
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In basic terms, MDM is latest solution & will be replacing CCM. All new features like service hierarchies are included in MDM 3.0.
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http://help.sap.com/saphelp_srm70/helpdata/en/45/ddd04f8c6e2e97e10000000a155369/frameset.htm
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Diff bet Base Unit and Order Unit
Hi All,
I was going through the table MARA. I found tht there are two columns named 'Base Unit' n 'Order Unit'. I found interestingly that for couple of materials the units are diff in both coloumns (e.g: For a material Base Unit is EA but the Order unit is in KG). What is the diff bet Base unit and Order unit?
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