A/r credit memo for tax only

Hello,
I need to do an a/r credit memo for sales tax only. Reason: customer was charged sales tax when he should have been exempt.
Problem: I need this credit and tax amount to show up on my Tax Report under Financials, Financial Reports, Accounting, Tax, Tax Report so I am not overpaying our taxes (I'm running the report using the By Tax Code tab). This report only pulls tax amounts from the variables area in the lower right of an credit memo or invoice and is dependent upon an dollar amount item being listed in the line items of the credit or invoice. Plus, I also need the sales dollar amount that relates to this tax to show in the Total Amount column on the tax report as this column is used for our gross sales that are reported to the state. But I can't put an item with a dollar amt on the credit memo as it will mess up the total dollar amt of the credit memo, plus will reflect incorrectly on sales analysis reports.
How can I do an a/r credit memo for sales tax only that will reflect correctly on this report?
Thanks for your help,
Shelby

If you are using SBO 2007, you could create a Tax type row and achieve this. If it is 2005 then you would have to probably do a JE.
Suda

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Tax Refund - AR Credit Memo with Tax Only set

Hi, Expert,
I am copying one AR Invoice to AR Credit memo, and check "Tax Only" field to handling the refund for Tax only case.
But I got an error message when I click "ADD":
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I don't quite get this message on "DIsable" wording... I am enabling the Tax Only but not disable !!??
Please help me solve it for my customer is waiting for this credit memo.
Thanks in advance.
Best regards,
Michelle for Allen

Hi,
What this handling error message means is that the Tax-Only tickbox cannot be used as it was not used in the base document. The tax selection for deliveries, AR Invoices (or any document that creates a journal entry) must be consistent.
For example:
It is similar to creating a delivery with tax code A, then copying
the delivery to an invoice and trying to change the tax code to
code B, this is not possible.
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Credit Memo for Tax

Hi,
In an scenarion like 4% CSt was charged and billed to customer but if C from not being received then we need to rasie credit memo for differential tax i.e 12.5% so 4% already charged now how to rasie credit memo for balance 8.5% now ...via credit memo..
we cannot reverse the bill already given to client.
Need Sulution
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Hi Krishna
This we have done before in my project. Consider you have order with 100 rs. Then tax was supposed to be 4 rs. But due to C form not received it is 12.5 rs. Now 8.5 rs needs to be credited to customer.
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A/R credit memo for closed A/r Invoice

Hi Guru's,
Our Client want to make an A/R credit memo for closed A/R Invoice (i.e) payment is already received for that A/R Invoice.
But in such scenario, the he is not able to get the referce of the A/R invoice as it closed... so he makes the stand alone Goods Return , Excise & A/R Credit Memo.
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e.g
Instead of hitting - VAT payable account for debit
its hitting           - VAT input account for debit
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Thanks & Regards,
Abhishek

hi Abhishek,
Create a new tax code and in that tax code create
vat code with its A/P G/L account is same as A/R G/L account,Similary you repeat it for ed,cs,hcs also.
1. Change Posting period if required.
2.Reverse incoming payment entry.
3.Do A/R credit memo base on A/R invoice with new tax code.
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ABGL Post Credit memo for asset

Hi,
In transaction ABGL (Credit Memo in Invoice Year), I wanted to issue credit memo for price difference in acquisition of asset.
issue background:-
asset bought without PO (F-90), last year 2010
Now we want to post Credit memo for this asset.
Error hit:
Acquisition value negative in area 01.
Message no. AA617
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Hi,
in OADB, our setting :-
Acquisition value = +
NBV = +
Investment grants = 0
Revaluation = 0
Ordinary depreciat. = *
Special Depr. = *
Unplanned Depreciat. = *
Transfer of reserves = -
Interest = 0
Revaluation ord.dep. = 0
I follow your step, i change acquisition value field to "-", it prompt me this message:-
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Diagnosis
You set up depreciation area 01 so that all types of acquisition values are allowed. However, this only makes sense for derived depreciation areas.
System Response
Warning message. The system allows the setting, but note that it can lead to undesired effects for real depreciation areas.
Procedure
Check the setting.
I change theAcquisition value + to -?

Credit memo for returns

Hi experts,
If I want to create credit memo only after return delivery has been PGR, is it proper to make credit memo create with reference to return delivery? You know, SAP standard is to create this kind of credit memo with reference to return order.
If not proper, is it the reason that credit memo is set in SAP to create with reference to order or billing?
Pls advise. Many thanks.
Edited by: Cathy on Oct 17, 2009 5:13 AM
Edited by: Cathy on Oct 17, 2009 5:14 AM
Edited by: Cathy on Oct 17, 2009 5:15 AM

Hi
In standard SAP credit memo billing RE is created with reference to credit memo order type RE not with reference to return delivery and PGR
The basic reason is return order item category REN is billing relence is Order releted billing hence it doesnot refer to return delivery
In VOV7 if you make the billing relevance as A that is delivery related billing for REN then system will allow you to create credit memo with reference to return delivery only
This is the first customization reqd
Secondly there should be copy controls in VTFL between delivery type LR to billing type RE at header level and at item level for item category REN defined properly
This may not be there in standard settings and this we should define
Normally VTFA is referred for order releted billing and we are making that as delivery related so we should define copy controls in VTFL
is it proper to make credit memo create with reference to return delivery?
This is purely a client call
In one my assignments the major requirement was to create returns credit memo with reference to delivery (returned delivery qty ) only
His business prctise was
his customers will telephonically give the return order for 5 units and send back only 4 units to him
In this case if he makes a return return order for 5 and make a returm credit memo for 5 then that is not proper
So we made this customization to him for creating return credit memo with with reference to return delivery
His customers will telephonically give the return order for 5 units and send back only 4 units to him That was his operational shortcomings but we had to set the system accordingly
We used to close the balance 1 unit with reason of rejection
So according to me it is more proper to create return credit memo with reference to return delivery
Regards
Raja

Urgent help!!!!!!Regarding the Credit Memo for oracle project customer invoices

Hi,
Can somebody help me in this issue
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confusing to the users.
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Hi,
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Kaushal

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Hey Friends,
I'm trying to create credit memo for a service item that is returned. I sold one laptop with one year extended warranty and now I want to RMA both the laptop and extended warranty.
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Any ideas gurus?

Credit memo for charges

Hi,
Can anyone tell me how to issue a credit memo for just the charges, say i created an order with freight charges and then invoiced, later realised we dont charge the customer for freight, how can i issue a credit for just the freight charges.
Also if i invoiced the customer without charging him for freight or charged him less, how can i create a debit memo just for the freight or the price difference?
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I've tried using Invoice correction requests but i cant change the price of the debit item... only thing i can do is add a condition type to it.
moreover if i add freight condition, it gives me negative value
if i remove freight, it gives me a positive value
Is'nt it supposed to be opposite?
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Credit Memo for PO

Hi All,
We have a scenario where the user has posted migo and miro as blow
Migo    1   - GR quantity of 138     (Movement type105)
            2-   - goods return of 70    (Movement type122
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Now user has tried to create a credit memo for the returned quantity of 70.
System has posted -70   in IV
Now when he tried to post another credit memo for a quantity of 62 and even 68 system is allowing him to do so.
Now the issue is the user is asking we have to create a credi memo only for the returned quantity.
system system is allowing him even to create a credit memeo for not returned good.
Is this correct.
On what basis we can create a credit memo for a PO.
How can we restrict the system not to create a Crdit memo for non return goods.
Thanks
Regards
Bhushan

Hi
Credit memo is not only for return goods. we can use that for vendor accounting balances adjustment also. like you received meterial less and you got some discount so you need to raise the credit memo or sub seq credit memo.
so cancel the credit memo which created not return the stock.
chek with your abap'r to may be possible with programming.
laxman

How to create a credit memo for an existing sales order !

Can any body help for how to create a credit memo for an existing sales order !

Hi,
It is actually possible to create credit memos from sales orders though it is not followed in most of the scenarios.
We have got a scenario in commodity trading that a sales order will be created with positive value. Once the swaps are settled by the portfolio mngt team, if we have to give some money to the payer, then a credit memo will be greated (as in their case all invoices will have only +ve value as net value) with reference to the sales order. In the copy control, the main field to be taken care of at itme level is the PRICING TYPE for which a value of F has to be maintained. This will convert the sign of the values and fix them. Now a credit memo will be created for teh saels order.
In this case, the document cateogyr of sales order will be C in VBAK, but it will be K in VBFA table which is the table for document flow.
Hope this answers your question. You can reward if it helps you.
Otherwise the normal process is
SALES ORDER---INVOICECREDIT MEMO REQUEST----CREDIT MEMO

Credit Memo for Returns PO

Hi,
I've created a PO with two items. One normal item and one return item and posted the GR and IR.   The invoices was paid also.
Due to some reasons I want to reverse the originally posted invoice. Since it's paid and cleared, system would not allowing me to cancel the invoice using MR8M.
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b) Individual Credit memo for normal item    and   Invoice for return item. - Here normal item is ok, but while posting Invoice for returns item, system throwing error saying amount is negative.
What ever the way system is not allowing me to post the document.
Can anybody help me in this matter.
Thanks in advance,
Mallik

Usually there is a functional different between the normal PO and return PO. When you combine together
the following questions are popped up im my head.
Q1. How to distinguish your doc type while creating PO?
Q2. When you perform GR, did you do it for both normal and return items?
Q3. When you perform GI (for returns), How did you perform?
Q4. How the invoice identify whether it is meant for normal PO or return PO (Ofcourse - return PO, we ususally do credit memo)
If you get the answer for above questions, you will get answer for your questions.
Regards,

Credit memo for asset with depreciation posted

HI,
There is requirement to pass a credit memo for an asset.
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And have been depreciated till 31.05.11.
Now the client want to pass credit memo for the full acquisition value.
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Hi,
Go to asset master change, in depreciation are tab double click on depreciation are number then select negative values allowed check box
Hope this will help you.
thanks!

Credit memo for returns with multiple reference deliveries

Hi Experts,
I have few credit memos for returns with multilple return orders and return deliveries in document flow.
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-Chetan Barokar.

Hi,
In copy control settings of delivery document to billing document you can maintained the requirement routine Data VBRK/VBRP as 03 - Single invoice for an item category, as theinvoice spliting will be control from copy control.
with regards
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Credit memo for non inventory item

Hi MM consulatnats,
My client need to know the best practices to handle teh credit memo for non inventory item ??
We have two options like FB65 in FI part where it wont update in PO history.
In MIRO also we can make credit memo w.r.to PO.
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Need your views
Thanks
A.Gururajan

Hi,
You can use MIRO for credit Memo with ref to PO.
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Thanks & Regards,

A/r credit memo for tax only

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