Credit and Debit Memo (Vendor and Customer)

Hi Team,
Credit Memo raised means - Debit to SAP/Company and Credit to Vendor/Customer?
Debit Memo raised means - Credit to SAP/Company and debit to Vendor/Customer?
Is this understanding is correct?
Thanks
Ram

Hi Ram,
Case Vendor:
Invoice : We receive goods and vendor is credited for the same. Goods and hence GR/IR a/c are involved.
Subsequent Debit : We receive goods and value addition to the received goods already invoiced is given by vendor. Here value direct debited to goods and credited to vendor. No GR/IR a/c involved.
Credit Memo : Goods return to vendor in case of damage or something. Here goods are involved. Vendor debit occurs and debit note is to be raised. Here GR/IR a/c is also affected.
Subsequent Credit : Here goods are not returned. Only value reduction of already invoiced goods. (in case of discount or something). Here GR/IR a/c not involved. Vendor debited and material is credited. Debit note is to be raised.
Hope it helps
sBk

Similar Messages

Credit memo and debit memo

Can some one kindly explain the img config step by step and how to check this setting in easy access.
Thankyou in advance
Rewards are assured
Best regards,
R.Srinivasan

REFER BELOW REWARD IF HELPS
Debit note and Credit note? What is the purpose? How we create?
1. 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.
2. 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.
You can use credit memos in Sales and Distribution (SD) for assigning credit memo requests to the open invoices and in Financial Accounting (FI) for assigning credit memos and payments to the open invoices and carry out clearing with them. If you use both Financial Accounting (FI) and Sales and Distribution (SD), there is a 1:1 relationship between the credit memo request and the credit memo item posted in Financial Accounting (FI). As soon as you bill the credit memo request together with other sales orders, or distribute the items of one credit memo request to several billing documents, the assignment is no longer valid and the system will not process it.
For credit memos, credit memo requests, and payments, you have the following assignment options:
- Assignment to a single invoice
- Assignment of a partial amount to an invoice
- Assignment to several invoices
When you post credit memos, the payment programme processes them automatically. If the credit memo is specifically related to a particular open invoice item, the payment program automatically attempts to offset the credit memo against the open item. If it is not possible to completely offset the credit memo against an invoice, you can post a debit memo to the vendor, who is to reimburse the amount. Then you can apply a multilevel dunning program.
3. Debit memo request 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.
4. As mentioned above, creating a credit or debit memo request enables you to create credit or debit memos based on a complaint. For this first create a sales document with the order type for a credit or debit memo request. You can create the debit or credit memo requests in the following ways:
Without reference to an order
With reference to an existing order
Here you enter which order the complaint refers to.
With reference to an invoice
Here you enter which invoice the complaint refers to.
In all cases, you specify the value or quantity that should be in the credit or debit memo
5. You can block the credit or debit memo request from being billed in Customizing. Go to Sales -> Sales Documents -> Sales document header -> Define sales document type and select the billing block field in the billing section. This request can later be reviewed along with similar ones, - if necessary, by another department. The request for a credit or debit memo can then be approved or rejected.

What is credit and debit memo? cancelled and returned transactions...

Hello Experts,
Can you please explain what does the terms above mean? Thank you guys and
take care!

hi...
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.
3. Debit memo request 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.
As mentioned above, creating a credit or debit memo request enables you to create credit or debit memos based on a complaint. For this first create a sales document with the order type for a credit or debit memo request. You can create the debit or credit memo requests in the following ways:
Accont receivables and account paybales are in FI Module - suppose you order some material and you cancelled the order - meanwhile company charges money from ur credit card ,now customer has to get money ,this time account receivable and account payable will come in pictures ...
<b>Reward points if useful</b>
Regards
Ashu

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
Raju

Hi 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

Credit and Debit memo

Hi
How can we credit memo and debit memo with out distrubing the customer accounts.
we should credit the with respect to order but it should not give credit to the customer and after some time we need to debit with the same ammount even this should not effect the customer with respect to the same order
Thanks
Mahesh

based on the order type or the order reason on which i need to do this (it is not for a single order it should be mass maintance)
Thanks
Mahesh

Credit and Debit memo - Type of Billing

Hello Friends,
Credit and Debit memo creation can reference a Billing doc or Sales Order or it can be created directly.
So, is credit memo or debit memo Order-Related billing ?
Can i confirm that because Credit memo correct values , it does not generally correct any stock, even in Returns scenario?
regards
John

Credit memo and debit memo are generally created either referencing to a biling document or without any reference. Yes, these are order related billing documents. It does not have any inventory impact. It only have accounting impact.
When it comes to returns scenario, it is a bit different. It depends on the business situation. There are a few ways that you can handle returns. Your customer returns the goods back to you for one of the reasons (over delivery, quality problem, damaged stock etc). You will take it back to your stock. Your inventory increases. Then, you cannot create a order related credit memo. Instead you create a return document referencing to the billing document, then do a post goods receipt (delivery document) and issue a credit memo to the customer. So, inventory is impacted and this type of credit memos (or returns credit as usually referred to) are delivery related.
Else, you will want your customer to destroy the stock (which your customer reports a damage and bringing it back to your plant costs you more). Then, you will only issue a credit memo to your customer. You will not receive any stock and the stock is not impacted. So, this type of documents become your order related billing docs... Here there is no impact on inventory and only financial impact is seen.
Hope it helps...
Regards,
Mukund S

Regarding credit memo and debit memo

Hi Friends
In how many ways we can create credit memo and debit memo?
plz reply
thanks in advance

Hi 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

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

CIN for credit memo and debit memo

HI
I have manufacturing scenario with excise(CIN) where i need to issue credit and debit memo to customers
Please let me know how this has to be handled in excise point of view,how excise document has to be created,
What is the ETT for credit and debit memo and what is the accounting entries for this

Please search the forum. This has been discussed many times in the forum.
thanks
G. Lakshmipathi

Create a Credit and Debit memo with reference

Dear Gurus,
When creatting credit and debit sales document with reference to a billing document it is not possible to modify value of the sales document, in order to create a partial document.
It only happens when the billing document refered has billing plan.
I need to create partial debit and credit memo from a billing document with billing plan.
Can anybody take a hand?
best regards,
Juan

Hi,
I presume you are asking , instead of creating credit and debit memos, why cant we change the sales order, Am I right ?
If I am right, then I like to say here, we have a provision in SAP of creating Invoice correction request.
Which would satisfy your quest I suppose. Invoice correction request of customers complaints, has sales document type is RK, and Document category is K.
"I need to create partial debit and credit memo from a billing document with billing plan" I say why not, you can do it with suggested Invoice correction request which is the combination of G2 & L2 in a single document.
However If I have helped you for dispeling your doubt, I am glad.
Regards,
Saplinx

Output type for intercompany credit and debit memo

Dear SD Gurus,
I am working for the IDOC Credit and debit memo process. I have listed below the steps which I have done to get the process to be done.
1) Intercompany sales order created.
2) Delivery.
3) Invoice.(Accounting document generated)
4) Intercompany billing.(Accounting document generated)
5) Intercompany credit memo request.
6) Intercompany credit memo.(Accounting document generated).
My client requirement is "IDOC posting for intercompany credit and debit memo".
Once I have completed all the above process, I used the transaction code : "VF31"(Output for billing) to execute it. But If I have given the billing document number which is intercompany credit memo that it is not getting accepted for the output type :"RD04"(Invoice receipt-MM) in VF31. The thing is client suggested me to use the output type :RD04 for this process. But the output type RD04 is getting accepted for the intercompany billing in VF31, which means the output type RD04 is wrong?
Gurus please let me know whether IDOC for intercompany credit and debit memo is possible. If it is possible, Please let me know the correct output type should be used to execute it correctly in VF31, so that I can able to run the transaction code :WE02 for IDOC successfully.
Inputs would be highly appreciated and helpful.
Regards
Mani.

Gurus,
When I have clicked the error "G/l account 100000 1007 does not exist"
Diagnosis.
A line item is to be posted to the non existant G/l account 100000 in company code 1007.
System response.
The invalid account number is rejected.
Procedure:
If you have entered the account number, correct your entry. If the account number was rejected when the system created automatic postings , check which postings it may concern by means of the business transaction. contact the system administrator to correct the account determination for the affected transaction.
Regards
Mani.

Applying Credit or Debit memo to the Invoice in AP

Plz guide me how to apply Credit or Debit memo to an Invoice in Accounts Payables.

Hi
In the Invoice window Enter Debit or Credit Memo, Form the Match Button ,Select "Invoice"
Select Match
In find Invoice Match window Enter Search Creteria for Invoice
If you want to see a invoice matched to purchase order enter the purchase order mumber
Then Match
And while making Payment you have to select that Debit or Credit memo then only it is removed form the Supplier
Thanks
Sunil

How to create Credit or Debit Memo for Third party orders

Dear All,
Is it possible to create Credit or Debit Memo for the Third party Orders.
Is there any standard procedure to do that?
Kindly explain.
Regards,
Mullairaja

Hi,
What is the scenario, why you want to create Cr/ Dr memo?
Any credit / Debits memo to the Customer, SAP have provided the standard functionality which can be used across the different types of sales.
- but if you are looking for issue Credit / Debit memo to the vendor which can be done using Tx: FB60
Regards,
Reazuddin MD

Chronicle order of credit or debit memos

I have a requirement in which we need to send the chronicle order of credit or debit memos against original invoice.
Basically we are sending all invoice data created in a day in SAP to legacy system.
As credit or debit memo can be created anytime in invoice life cycle, legacy wants that chrocle order of CM or DM.
e.g. we have 3 credit memos and 2 debit memos against one particular original invoice. We need to know whether any particular credit memo is first, second or third etc against original invoice.
Does this chronicle order of credit or debit memos get stored in any of the SD tables?
Any pointers to this will be highly rewarded.
Thanks,
Prasad

hello, friend.
posted a possible solution to you on SD - General. anyway, try using table VBFA (doc flow) and fields VBELV (prev doc) for your invoices and VBELN (subs doc) for your CM/DMs.
for the order, if you are using internally generated number ranges, then the report can show the docs in ascending/descending order. if number range is external (unlikely) try using the fields for date/time, if available. doc type could be another filtering variable.
regards.

Credit Memo and Debit Memo in AP and AR

Hi ,
Can some please explain the difference between debit memo, credit memo in AP and AR. Please explain with examples......
Regards,
Anil

Hello.
A CM in AP represents a credit in your favour, normally issue by your vendor, with the following accounting:
DR Liability
CR Cost
You can deduct the CM by including it in a payment or, if you vendor send money to pay it, you can create a Refund payment type.
A CM in AR represent a credit in the favour of you customer, normally issue by you, with the following accounting:
DR Revenue
CR Receivables
Your customer, while sending you a payment, may include the CM in that payment, thus reducing it's amount.
Hope it helps.
Octavio.

Credit and Debit Memo (Vendor and Customer)

Similar Messages

Maybe you are looking for