Credit memo for 0 value asset

Hello Gurus,
We want to create a credit memo for the asset been already depreciated fully and net book value is 0. Because the vendor agreed to give some discounts on purchase price after 2 yearsu.Is it possible?
Thanks,
Bob

Hi,
Is your Asset was capitalised through a purchase order? then go to MIRO and choose Credit Memo in transaction selection instead of invoice on the top left corner of the screen. (please try this, i am not sure, whether it works)
Otherwise go to tranasction FB65 for posting credir memo to your vendor, there credit the GL Ordinary dep exp GL account for an amount, which you have received as discount from vendor, so by posting this credit memo your ordinary depreciation exp account will be reduced by this discount received amount.
Please try and get back to us.
Thanks,
Srinu

Similar Messages

Credit memo for Fixed Asset

Hi Experts,
My company has purchased a fixed asset and found the item is spoil. It will be returned to vendor and receive credit memo from them. But I found the credit memo in SAP there is no column to let me key in my asset tagged number and it credits to my SUPPLY and MATERIAL account which should credit to my Fixed Asset account. Please advise what is probably way to key in credit memo?

Hi,
Acording to me you can reverse the MIGO Document or you can reverse the Asset Document through T-Code AB08 and then the entry will be reversed. Else youo can crerate a return PO and then do MIGO of Return PO by that once you execute MIGO then the entry would be reversed and hence the effect would be nullified. Kindly check the above solutions and revert.
Regards,
Malhar.

Credit memo for asset with depreciation posted

HI,
There is requirement to pass a credit memo for an asset.
The asset was purchased on 01.04.10.
And have been depreciated till 31.05.11.
Now the client want to pass credit memo for the full acquisition value.
My issue is when I am passing the entry through ABGF - ... in Next Year
System is throwing error stating the value is going negative.
Then we passed the write up for the depreciated value as on 01.04.10.
Still system is giving the same error message.
Please suggest on what date should I pass the write up to clear the whole posted depreciation and pass the credit memo.

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!

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
What is this error message mean? How to resolve this?

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:-
Caution: generic values for real depreciation area (refer to long text)
Message no. AC246
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 subsequent acquisitions in Fixed Assets

According to the Fixed Asset help file - section Credit memo for Subsequent Acquisitions it Says " Fixed Assets *DOES NOT* allow posting a credit memo for a subsequent acquistion. What are the exactt circumstances in which Fixed Assets will block these credit memos. I have added subsequent Acquisitions and Fixed Assets appears to allow credit memo's where depreaction has not been run and also where depreciation has not been run. How does this blocking mechanism work?

Hi John
It appears that there is no good answer to your question. From my undertstanding, the SAP Fixed Assets add-on is a very basic solution, and does not anticipate many of the changes that can occur once an Asset is acquired. Frankly, it is pretty basic when handling the initial acquisition.
Not that this will help you with this particular install, but the Fixed Assets add-on from B1 Fixed Assets LLC does a very thorough job of creating Assets, where you can use any or all of Invoices, Credit Memos, and Journal Entries, mixing and matching to create the Asset. Once the Asset has be added, making Cost Adjustments is almost as thorough, and provides considerably more options to recognize the Cost Adjustment. You can see a viedo of a relatively simple Asset Acquisition on YouTube (www.youtube.com/b1fixedassets).
Let me know how you get this issue resolved - I am very interested.
Joe

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.
The next option I've is to post a credit memo.   Here system is not allowing me to post the credit memo in any manner. I've tried in below methods
a) Credit Memo for both normal and return item.   - Here system is adding the value of returns item twice and crediting the vendor instead of debiting.
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,

In Credit Memo Net Value is coming 0.

Dear SD Expert,
I have created Credit Memo with Reference Credit memo request. While creating Credit memo (VF01) the Net Value is 0. But the Billed quantity is coming correct in the system. In Credit Memo request(VA01) every thing is ok, Quantity and Net Value are correct. But in credit memo net value is not coming as per credit memo request. I have also maintained Copy control(VTAF) for this. In copy control I have maintained following fields.
Billing document to Sales document
Choose sales document type [G2] and Billing document type [F2]
Go to Header details
[52] = Billing document header
[052]:
This routine transfers general billing header data from the reference document to target document.
[103]:
This routine transfers business data Ex: Inco-terms from preceding document to new document.
[003]
= Billing header partner:
This routine copies Bill u2013 to u2013 party form invoice to sales document.
Copying requirements [021]:
(Billing header)
This routine checks Sold u2013 to u2013 party, sales area, and currency is same or not when copying billing document to
sales document.
Item level
= TAN
153 = Item from billing document:
This routine copies all relevant data from preceding document to new
document at item category level (invoice to invoice cancellation).
104 = Business data item billing:
This routine copies business data from invoice to sales document.
Ex:
Inco-terms at item level.
004 = Billing item partner:
This routine copies Bill u2013 to u2013 party or payer from invoice to sales document.
Copying requirements [303]
= Always an item
All standard items are copied into target document
[] Uncheck copy schedule lines
[X] Update
Pricing type [D] = Copy pricing elements unchanged
As per given information kindly guide me where I was wrong and what Input is requires?
Regards,

Hello Mancy,
Indeed Naveen is correct to use Transaction VTFA. Sample Standard Settings:
HEADER:
Target Billing Type = G2, From Sales Doc Type CR
Copying requirements = 001:Header/order/related (can be customized of course)
Hint: You may COPY item number from reference
ITEM:
Target Billing Type = G2, From Sales Doc Type CR
Item Category Proposal <--THIS IS OPTIONAL (i suggest to leave this blank and input something only if you have a special business requirement wherein you need to change the item category in your credit memo, you may check Help/F1 for sample scenarios)
Item Category = G2N <--this is the item category coming from your source document i.e. item cat. from your Sales Order
Copying Requirements = 002: Item/order-related
Data Transfer Routine = 002: Ord-rel.credit memo
Pricing Type = D: Copy pricing elements unchanged
Please let me know if this helps you.
Kind regards,
Eva

Credit memo with value date

Hello Gurus,
for field " Credit memo with value date" in billing document, field VALDT (fixed value date) in the credit memo request is filled with the payment deadline baseline date of the base billing document. where is that payment deadline baseline date of the base billing document ?
Many thanks,
Frank Zhang

Hi
That pament date is the date of line item comes due for payment. Billing date+Pament terms= Due date.
This field is helpful for the following scenario,
You have sent an invoice on 01.08.08 and the pament due date is one month. Due on 01.09.08. This is calculated from the pament term. Now the customer rejected some ofthe material and sending you back as sales returns. Now you are creating a credit note on 04.08.08 and post it to accounting. If the due date of the original invoice is not taken for consdered then you are paying the customer who has not yet pay you for the original invoice.To avoid this, the pament due date is taken from the original invoice if you mark VALDT field.

AP credit memo for AP invoice but applied amount zero

Hi all!
I have problem when i use function AP credit memo for AP invoice. IN AP invoice, i have status closed and Applied equal total value of AP invoice.
In AP credit memo, i still have Status is Closed but applied amount is zero and open Balance is equal total value of AP invoice.
I don't understand how why system show this.
Please tell me advice.
My figure: [http://i720.photobucket.com/albums/ww201/tiencruise/tien.jpg]
Thanks!

Hi,
Please check whether the AP Invoice and the Credit Memo is appearing in the Business Partner Internal Reconciliation window.
Check the Note : 1258628 and check whether the detect query returns any result for the same.
Please make sure that you perform the following in the COPY of the database in TEST ENVIORMENT :
If you have the COPY of the database available, you can test by reconciling the documents in the Internal Reconciliation window and then run the detect query in the Note 1258628 and see whether now the documents appear or not.
Kind Regards,
Jitin
SAP Business One Forum Team

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?
Any help is appreciated,
Michelle

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?
Also if i create a normal credit memo request and a credit memo its giving me a positive value and increasing Accounts receivable, where am i going wrong?
Please help,
Thanks,
Michelle

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

Debit Memo/ Credit Memo for incorrectly shipped items

I Understood this: Lets assume you have sold 100 PCs Of Material A ( DLX model), But Due to some human error you have shiped Materia A (VLX) model, which is having price greater than previous one.In that case you will raise Debit memo for that customer.
But what if the customer says that he doesn’t want to pay the difference?
1. does he have to return the product back for exchange of the originally inquired product?
2. is it the clients fault that we shipped the wrong product? and will take a hit for the loss?
q: what if the customer decides to exchange the product ? there will be an inward and outward deliveries created for the 2 products at the clients plant; and will this trigger creation of one credit memo (for returns, since exchange is technically a return) and one debit memo (corrected invoice)?? Or will it be a straight exchange?
Guru's please help me understand this, thanks

Seems to me, this was Hypothetical Question.
You created sales order,delivery,Billing for X material,
But during delivery you picked Y instead of X.
Normally to move the material from Factory to Gate--there will be different departments & no.of employees has been employed for this--But still there is a chance for manual mistake(very rare)
As i understood this question can be handled in two ways:(Client dependent)
1.Customer not accepted this Y goods:
we cannot do returns with parent sales order--because we dont have a transaction in SAP (with Y material)-So you need to run all sales transactions with Y material followed by returns.
2.Customer Accepted Y material:
So here your actual inventory shows the variations.
So you cancel the parent delivery(so this X will be back into your inventory---if proceeding document exists-need to be cancelled)Change the parent sales order with Y material(you can cancel the parent sales order,Can create new one--it depends on client)
Again here the issue comes with Value variations:
Always you can raise a credit/Debit memo to adjust the receivables.
Phanikumar

Difference betn credit memo n credit memo for returns

Hi,
What is difference betn credit memo n credit memo for returns?

Hi
CREDIT MEMO:
Suppose, you have chrged (Price) the customer more or you have charged the customer for say 10 pieces but you have send actually 8 pieces,for which customer has paid you.
In both the above scenarios, you need to pay back the excess amount paid by him.
To payback, we create a Billing document called Credit memo. In standard SAP, Billing Type G2 is created for Credit memo.
This Credit memo(G2) is created with reference to a Credit memo request (Sales document type) with Order type "CR".
This Credit memo Request (CR) is created either with reference to Sales order or Billing document.
Ofcourse, it can also be created with out any reference document also. In real time scenario, we normally create this Credit memo Request with reference to the Billing document (Invoice).
No Delivery takes place in this scenario while creating a Credit memo (G2).
CREDIT FOR RETURN
When goods are physically returned back by the customer due to some complaint, then we first, create a Return order(Order Type RE) with reference to either Sales order or Billing document. Normally, in real time scenarios, we refer the Billing document.
Return order can also be created with out any reference .
In situation like, suppose you had sent 10 pieces of certain material to the customer for which he has paid. But he found that 2 pieces are defective or damaged in transit. So he has returned it to you for which you need to create a Return order(RE).
From this Return order(RE) -
> Return Delivery is created -
> PGR.
As customer has returned the goods to you, then there are 2 options with you. Either you may send fresh stock ,which we normally call "Replacement" OR you may pay back the value for the returned goods.
If, we pay back, then we create a Credit memo for return, which called "Credit for Return" and in standard SAP represented by Billing Type (RE).
In standard system, this "Credit for Return(RE)" is ALWAYS created with reference to the "Return Order(RE)".
Even though, physical delivery takes place in return process, still the "Credit for return(RE)" is created with reference to the "Return order(RE)".
If, client requires it to be created from Return delivery then you need to establish necessary settings in customisation which has already beed discussed in this forum several times.
Hope, it is clear.
Regards

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

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.
But the problem in this stand alone scenario is that the system treat such case as purchase scenario and hit the repective account of VAT and excise which is very incorrect.
e.g
Instead of hitting - VAT payable account for debit
its hitting           - VAT input account for debit
So please help me in this matter and give the solution as soon as possible ....its urgent.
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.
   Incoming excise invoice will be created automatically
   in background.
Incoming excise invoice journal entries will be hit as in
sales scenario.
Hope above answer helps you.
Jeyakanthan

Credit memo for 0 value asset

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