Credit memo Doubt
Hi,
can I create a credit memo against an Invoice which is in error status due to some accounting issues. Basically the accounting is not yet hit and if I create a credit memo agianst the Invoice then it will hit accounting so wouldnt it create discripancy?
Hi Christino,
This is not usual practice, because in a long time running productive system all SD invoice are usually automatically booked against FI without problems.
On the other hand, I believe there should be any problem, because each SD invoice has it's accounting life and they are not related.
I guess you can't cancel the SD invoice, change the Sales Order pricing and invoice again?
Instead of sending a credit memo to your customer, you would just send him the invoice cancellation and a new invoice => Cleaner process IMHO.
Best Regards,
Franck
Similar Messages
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Create 2nd AR Invoice base on Delivery after create a partial Credit Memo
Hi,
Here is the scenario:
1) User create an AR Credit Memo (base on AR Invoice) partially for wrongly entered the unit price on 1 of the item out of 5 items in the AR Invoice.
2) User need to create a new AR Invoice with the corrected pricing, the newly created AR Invoice must not lost the linking between the base document. Meaning, we need to copy the new AR invoice from Delivery or Sales Order to maintain the base document tracking.
Is there anyway to accomplish this? Because the system will not re-open the Delivery or Sales Order after the AR Invoice copied to AR Credit Memo.
Thanks.
Regards,
Kong Chee AnnHello
We are investigating the same issue because we have the exact same problem. Same issues on the Purchase side.
We are looking into two paths:
1) either cancel invoice and recreate it. I doubt this path as efficient / possible in the system
2) or generate a second group of document with a UDF to keep the link to the original documents
Either way, this looks very manual and potentially dangerous in terms of authority.
If you have other ideas, I would be happy to work with you on that topic.
Regards
Fabrice -
Creating A/R Credit Memo via copying from A/R Invoice
Hi all,
I have a problem creating A/R CREDIT MEMO via copying from AR invoice. there are no list of invoice appear eventhough the Customer im trying to add in credit memo are exists in ar invoice.
thanks
vinHi Melvin....
First of all welcome to SAP Forum.
Let me tell you its a wrong forum where you posted your query.
You should post your query in SAP Business One Core Forum.
Now for your doubt I guess You are trying to copy Service Type AR Invoice in Item Type Credit Memo.
Just check your Document Type (Item or Service) must be same for both Target and Base Doc while Copy......
Regards,
Rahul -
Delivery vs Invoice in Sales A/R --- Return vs A/R Credit Memo
1. What is the difference & relation between Delivery in Sales-A/R vs Invoice in Sales-A/R?
They both similar. Does it mean we can make Delivery only and skip Invoice?
According to definition: 'The Delivery is a legally binding document indicating that the shipment of goods or the delivery of services has occurred. Without this document, goods can be delivered only if an invoice has already been created.
2. What is the difference & relation between Return vs A/R Credit Memo? Again, I found these 2 are very similar.Hi Tom,
Let me put this Briefly:
1. The sales Cycle as per SBO starts from Quotation - SO - Delivery and then Invoice. Now as such you can directly create the A/R Invoice without reference to the delivery. There is a difference b/w the two. When you create the Delivery Document the system posts Stock Posting and in order to post the Value posting you will have to manadatorily create the A/R Invoice.
2. Now If you directly create the A/R Invoiec without refering to a delivery the system will post both Stock and Value postings. Now you cannot make any payments with reference to the Delivery document in order to make payments you will have to necessarily have an invoice .
3. Now invoice by itself can complete the whole sales cycle...i.e. when you create the Invoice as mentioned above can do both stock and value posting.
4. Similarly the return documnet is created with reference to a Delivery. It is the correction doc for a Delivery. When you are creating a return with reference to a delivery the stock postings are done but on order to do value postings you will have to create a A/R credit memo wRT the Retuns. However again when you are creating a stand alone A/R Credit memo both stock and value are posted .
5. Also return doc can be created wrt the Delivery only but the A/R Cr memeo can be created wrt
a. A.R Invoice
b. Delivery
c. A/R DPM Invoice.
Hope I have clarified your doubts.
Reward points if helpful.
Nagesh -
Credit Memo all my material items to be directly posted to Balance Sheet account
Hi Experts
My client has a scenario where for certain items they create a credit memo request document and finally a credit memo document from the VKOA system is picking the revenue bearing GL and posting all the line items to that G/L account
Manually my customer is again checking and extracting the p/l and posting to balance sheet account
is there a way where we can directly post these entries to Balance Sheet account
Best Regards
WaseemHi Sanil
Thanks for the quick reply, can we assign a balance sheet account directly in VKOA in the G/L account field or do we need to add this in directly in Provision acc field
As suggested by you we already have the access sequence with respect to Order Reason, I am just doubtful wether we can directly give Balance Sheet account in G/L account field
Best Regards
Waseem -
MIGO Is mandatery in Credit memo in 3rd party ?
Dear SD Experts ,
i know the 3rd party processing But i have One Doubt please explain me
2 Steps we have to do In Third part return process.
link tells
http://scn.sap.com/thread/987949
1 Flow to bring the stock from Customer is
va01 return order ( W/O Ref) --vl01n- Ref deli---MIGO ---VF01 ( Credit memo with ref to Return delivery )
2 Flow to Send the stock from company to vendor
ME21N( Ret PO )-- MIGO---MIRO ( Credit memo with ref to Ret po )
i know this flow is Right to credit memo in 3 Rd party But in both cases MIGO IS Mandatory or not ?
Second thing is TASG Is item category For credit memo in third party ..i have checked in VOV7
But i didnt understand this where i will insert /
Thanks a lotDear Madhuri ..
You mentioned is How to bring stock From Customer and sending to vendor Right
This is special process
Coming to TASG Item category , i have to tell you How credit memo is created in Third party process
I Am telling as per My knowledge
Now create credit memo ....Create credit memo Req ( G2) with ref to Invoice not with Third party sales order
While maintaining in VF01 Maintain Billing type G2S Only Not G2
Coming to TASG Item cat in copy control we have to make Between TAS --TASG Item category level In the Sales document type to Billing document type source and Target doc.
Dear Mentors please Tell me if i am wrong .
Thanks a lot -
Due date calculation for the credit memo with invoice reference.
Hi,
When we create the credit memo with reference to invoice, the due date for the credit memo is getting copied from Invoice. In this case if the invoice is due on 31.12.2008 and the credit memo is created on 10.09.2009, then the credit memo due date is appearing as 31.12.2008. It should be 10.09.2009 as per the setting in VOFA billing type customisation in "Credit Memo w/vldt".
I would like to know how to customise the below requirement.
If the reference invoice is due after the credit memo creation, the the credit memo should due as per the invoice date.
If the invoice due is past & then the credit memo due date should be Immediate i.e. Due Immediately.
Thanks in advance for help.
Regards,
NithinI doubt there is such option. From the past projects I do remember that we made a change in the form to print the document date as 'Due Date' for credit memos. Credit memos were paid at once when they were processed and I think that payment term was copied from the original invoice, which made their due date far in future.
-
Hello,
I have a doubt regarding tax posting in credit memo.
When we create an invoice , let us say we charged 12% of tax of final price $1000, means $120/-, which will post to a seperate account.
when we create a credit memo with reference to the invoice I don't find a tax condition in that. While posting the credit memo the accounting entires from the invoice will be nullified by the credit posting, but what about tax?
PraseDear Prasanth
If original invoice have tax conditions, then In Credit Memo also, tax values will flow.
thanks
G. Lakshmipathi -
Credit memo request / credit note
I have a doubt in credit memo request setting.
I have setup to create a credit memo req in sales with ref. to either billing doc or sales doc.
In copy control I have chosen pricing type 'D'. We manually maintain prices in Sales.
Say for eg. we have delivered the below to our customer.
material 1 - 2 pieces - each at $2000
material 2 - 1 piece - each at $3500
My customer didnot return the part, but instead comment that the price of material 2 is too high.
So the client wishes to change the price of the material 2 to $2800/piece instead of $3500.
I notice that when I mark the item 2 with reason for rejection code as "too expensive", in my Credit Note I see $0.00 to be copied.
Am not clear here. Should I change the pricing type in my credit note to allow changes so that my new price is only at $2800?
Where should I do this?
Also should I delete the material 1 from the credit memo req document or should I delete it from my credit note?
I quite don't know why should we keep the material when there is no problem that we already charged the customer & they have payed us too.
Thk,
Ann"Item Rejection reason" may be used in Sales Order, when there are multiple line item & some of them are not to be executed. The items which are not to be executed, should be maintained with "Item Rejection reason"
<i>So you mean to say that I need to change the quantity/correct price in my credit memo request? So that the right amount copied to the credit note?</i>
The anwer to this is Yes.
<i>case 1: say if the customer has already paid the company excessively</i>
Irrespective of receipt of excess payment Credit note can be issued. You need not cancel original invoice & the credit balance can be settled in latter transaction or can be refunded through FI.
<i>case 2: also if only the invoice is sent to the customer, but if they have not paid the company</i>
In this case, the customer can make the payment as per outstanding due in his account, as credit note will give an effect in accounting. You need not cancel original invoice & the credit balance can be settled in latter transaction or can be refunded through FI.
Hope this information helps you.
Regards,
Rajesh Banka
Reward points if helpful. -
Credit Memo Appliying in AR (11i)
Dear All,
I have one doubt with the AR credit memo as below:
If I created the credit memo on 1-MAY-09 and transfered the CM to GL on the same day. Now the May-09 period is closed and the only open period is Jun-09. Can this CM apply (Action -> Application) to any positive trx?
Thanks & Best Regards!
JeromeVamsi,
When I go to action -> application and click the LOV of the "Apply to", the system gives a error below:
ORA-01403: no data found
FRM-40735: KEY-LISTVAL trigger raised unhandled exception ORA-06502.
Could you please comment?
Thanks & Regards,
Jerome -
Returns, Credit Memo, Credit Memo Request
Hi All,
Can anybody clear my doubts for the below mentioned and i would require the process flow please with Transactions and Order Type, Billing Type etc.
Booking goods returned
Credit note with stock receipt
Credit note without stock receipt
Value credit note
Thanks & Rgds
NaveenHi Naveen,
Booking goods reciept - returns order with document type RE ,can be created with or without reference to the sales document no. OR Credit memo request.
Credit note with stock reciept - Creating credit note (billing document type) with reference to inbound delivery document. Items relevant to delivery in returns order.
Credit note without stock reciept - Credit note ( Credit memo - Billing document type) with reference to Returns documnent ( without reference to Inbound delivery, Item not relevent to delivery)
Value credit note - Credit memo
Regards,
Praveen. -
Due date calculation in the credit memo
Hello,
I need to have the same due date in the credit memo as in original invoice...
Is there any setting for this?
Thanks and best regards
LI doubt there is such option. From the past projects I do remember that we made a change in the form to print the document date as 'Due Date' for credit memos. Credit memos were paid at once when they were processed and I think that payment term was copied from the original invoice, which made their due date far in future.
-
Adjustment Processing of Debit memo and Credit memos in AP
Hi all,
I want to find Debit memo/Credit memo and adjust it. I dont know How to do.
Thank for your help
MinhtbHi Minh,
You have the following options,
1. If you are willing to use the standard form is available in SAP,
a. Create a credit memo (note down the doc. ref)
b. Use T Code F.62, there give company code, document number, fiscal year and document time. In the output control you should give the standrad form and print it. (Normally this is not used)
2. If you would like to develop a form, then do the same with the help of ABAPers and you have to do the configuration in OB77, OB78 to assing the form to the program and print it.
The second step involves a development to be done and you can satisfy the your customer by giving the debit / credit memo in their format.
Hope it clears your doubt.
Regards,
A.Saravanan. -
We are in the process of implementing Oracle Receivables v. 11.0. Is there a way to make sure that credit memos do not have a debit balance? (i.e. users don't forget to put the negative sign in on a line causing a debit balance?) We do plan to have mixed signs on the credit memo, but they should never have a positive balance. For instance - we want to credit the returned product, but debit a discount given for that product. Any help would be appreciated. Thanks.
Hi Hoo Laa,
Your statements are absolutely right.
Suppose we area a seller and our customer is a buyer.
We sold the goods to customer and due to some reason customer return these goods (Bad quality etc), suppose before returning the goods we have already billed the customer
Now upon returning the goods, this is our responsbility to credited the customer account.
Just opposite in the debit memo, we have sold the goods 100$ per piece. Now after selling the goods, we and customer are agreed that the price should be 120$ per piece. Now we have to debited the customer account for 20$ per piece.
Hope it clarify your doubt.
Regards,
MT -
Hi Gurus,
I know that cr memo can be created with reference to a Billing doc or a cr memo request which reference either a billing doc or an order.
What i am unclear is the way of describing the referencing.
Cases:
1. Cr memo creation with reference to a billing doc : in this case, the billing doc is the reference doc.
2. Cr memo creation with reference to a cr memo request : in this case, what is the right way to describe it?
Is it :
Cr memo creation with reference to a cr memo request : in this case, a cr memo can be referenced to a Sales document or to a billing document. But the sales doc and billing docs are before the cr memo request.
OR
Cr memo creation with reference to a cr memo request : in this case, a cr memo can be referenced to a cr memo request which is a sales doc type. Which means we can also say a cr memo can be referenced to a sales doc (cr memo request).
So, my doubt is , when describing which is the reference doc, can i confirm that it is always talking about the immediate preceding doc and not preceding docs earlier than that?
Last but not least, in a Returns scenario, cr memo is created with reference to the Returns order although there is a delivery doc created . In this case, I can say that cr memo is created with reference to an order that is the returns order.
Please advise.
Regards
M RussoDear Russo
Firstly, we need to be very clear about 'returns' & 'reversals' entries/postings.
Then, we can map however we want in the copy control settings & do the relavant postings.
Returns order is created when a customer RETURNS the goods for whatsoever reasons.
This follow with Returns delivery, PGR (post goods receipt) & returns invoice.
The best practice is to create credit memo request wrt original commercial invoice.
Then create credit memo wrf this credit memo request.
Reversals is different.
meaning, literally 'reversing' the postings, entries, movements, etctc....
Hope I made things clear.
Rgds
Sumanth.Gururaj
Consultant/Systems Analyst
SAP SD/MM/CIN
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