Subsequent debit, credit and credit memo

Hi,
what is the difference between subsequent debit, credit and credit memo in MIRO transaction.
In case of vendor had given us credit note with relevant to particular for which we had already completed the invoice verification and payment also paid.
in this case what document should i use i.e crdit memo, subsequent credit memo or subsequent debit memo??
plz suggest

Hi
You need to use a credit memo.
Subsequent debit is used if you have already invoiced
You have already received an invoice from your vendor for all the goods received. Subsequently, freight costs are to be taken into account, however, the invoice quantity remains the same.
Subsequent credit is used if you already have done a credit memo on the PO
You have already received a credit memo from your vendor for all the goods received. Subsequently, freight costs are to be credited to your company, however, the credit memo quantity remains the same.
Thanks & Regards
Kishore

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Subsequent debit, subsequent credit and credit memo?

Dear Gurus,
Kindly explain subsequent debit, subsequent credit and credit memo with one simple example..pls..
Thanks..

Hi,
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.
Hope it helps,
Swapnil

Difference between Subsequent credit and Credit memo

Hi,
Please tell me what is differnece between Subsequent credit and Credit memo.
You shoud give me on business exmple
Thanks and Regards
Anil Patil

Hi Anil,
For CREDIT MEMO
A Credit Memo (short for "credit memorandum") is a commercial document issued by a seller to a buyer, listing the products, quantities and agreed prices for products or services the seller provided the buyer, but the buyer did not receive or returned. It may be issued in the case of damaged goods, errors or allowances. In respect of the previously issued invoice, a Credit Memo will reduce or eliminate the amount the buyer has to pay.
The Credit Memo usually contains: PO #, Date, Billing Address, Shipping Address, Terms of Payment, List of products with quantities and prices. Usually it references the original Invoice and sometimes states the reason for issue.
Credit Memos are often called Credit Notes or just Credits.
The seller usually issues a Credit Memo for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions.
The term may also refer to the document provided by a bank to a depositor to indicate the depositor's balance is being increased because of an event other than a deposit, such as the collection by the bank of the depositor's note receivable.
SAP Difference between Credit memo and subsequent debits/credits
Subsequent Debits/Credits are used in cases where the quantity is in the original invoice is to remain the same.
Example:
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 reduce amount.
If you approve of the price increase,
post the subsequent invoice received as a Subsequent Debit Invoice.
If it is a credit memo that has been received for reducing $1 of invoice price,
then post the credit memo as Subsequent 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.
Regards,
VB

Debit note and credit note

hi masters
at what situation u have to send debit note and credit note to a single party?
regards
raj

Hi,
When you are booking purchase invoice, if you received material short, then you have to issue debit note to that material supplier vendor.
In the same material supply bill, vendor invoice less rate claimed instead of PO rate, then you have to give credit note to that vendor for rate difference.
Hope it clear your doubt, if yes, assign points.
Sarma BH

Regarding Subsequent debit,credit and cdedit memos

Hello Gurus,
Could any body explain the above said subject and when this scenario will be used pls give some examples.
regards
rk

Hi,
A subsequent debit/credit arises if a transaction has already been settled, and a further invoice or credit memo is received afterwards.
A subsequent debit/credit changes the total invoice value of a purchase order item; the total invoice quantity remains unchanged. Therefore, only a value-based update of the purchasing transaction takes place. There is no quantity-based
update.
1. Subsequent Debit :-You must enter an invoice as a subsequent debit if a purchase order item has already been invoiced and further costs are now incurred. (Example: A vendor has inadvertently invoiced you at too low a price and then sends a
second invoice for the difference.)
2. Subsequent Credit :- You must enter a credit memo as a subsequent credit if a purchase order item was invoiced at too high a price and you have now received a credit memo. (Example: A vendor has inadvertently invoiced you at too high a price and then sends a credit memo for the difference.)
If you enter a subsequent debit/credit, the system suggests the entire invoiced quantity, but no value. The maximum quantity that you can subsequently debit or credit is the quantity that has already been invoiced. You can only enter a subsequent debit/credit for a purchase order item if an invoice has already been posted for this item.
A subsequent debit/credit cannot refer to a particular invoice.
Subsequent debits and credits are listed separately in the PO history.
3. Credit Memo :- You usually receive a credit memo from a vendor if you were overcharged. As is the case for invoices, credit memos refer to purchase orders or goods receipts.
You post a credit memo if too large an amount has been invoiced. When you post the credit memo, the total invoiced quantity in the PO history is reduced by the credit memo quantity. The maximum quantity you can make a credit for is the quantity that has already been invoiced.
In the same way as the corresponding goods receipt is expected or posted for the invoice, in the case of a credit memo, the system assumes that the credit memo belongs to a return delivery or reversal of the goods receipt. This means that the credit memo is settled using the GR/IR clearing account.
Regards,
Pardeep Malik

What is posting key for debit note and credit note?

Hi Gurus,
May I know what is posting key for debit and credit note?
My current sales debit and credit note having same posting key. Where can I set this posting key?
Sales debit note                dt      cr
Sales credit note               dt      cr
Customer debit note          dt      cr
Customer credit note         dt      cr
Vendor debit note             dt      cr
Vendor credit note            dt      cr
Thanks
Moderator: Please, avoid asking basic questions. Try to search available SAP material first

This depends on requirement.
Generally, SAP std are followed and ought to be followed, as Std config are based on best practices world over.
Still, if you business process requires then take an example,
- use TCode OBYC,
- double click on transaction BSD - Inventory posting
- provide chart of account, if asked.
- check the posting keys for transaction by clicking Posting Key button on the Maintain FI Configuration: Automatic Posting - Accounts screen.
In Debit
89 - Stock inwrd movement
In Credit
99 - Stock outwd movement
Thanks & Regards
JP

How can i make Vendor balance ZERO incase of Debit vendor and Credit-GRIR

We also have a document from last year,It is a debit amount in the vendor account. How could I get rid of this balance to make the vendor have a zero balance?
the entry is -
Debit - Vendor
Credit-GR/IR Clearing
Credit-Contact Repair
Thanks
Supriya

Hello,
It looks that when there is a debit in the vendor account means,
You might have already reversed the invoice with MR8M.
The invoice reversed has been cleared with some other offsetting entry.
Now you have left out the transaction posted with MR8M (reversal document) on your vendor.
You can pass a Journal Vourcher to this effect and clear them using F-44
You have to check up this with the User before advising them to post the Journal Vourcher (JV)
Regards,
Ravi

My freight accruals are posting debit to credit and credit to debit

Hi experts,
i have a problem in account determination. My client requirement is freight value to be accrued. So I have given one account key for accrual key and another for accounting key column in pricing procedure. I have activated statistical indicator because this value should not be added or deducted to header total. The accounting key "ERF" is given for accruals as well as accounting key also with difference G/L account no. in VKOA. Account determination happening but accruals should be credited instead it going to debit to accrual account. I have configured the same way we configure for rebates. Rebate accruals are going to credit to that rebate accryak account but freight accruals are debiting to freight accruals account. Why??????
Please help me, suggestions are highly appreciated.
thanks,
nandam

Could you cross check the GL entries in Revenue Account determination.

Debit side and Credit side down payment chains

Hi,
Can any one tell me what is the exact usage of down payment chains. and best business scenario for that?
NO LINKS PLEASE
Detailed answers will be appreciated.
Thanks in Advance.
Cherry

Any information on this please .
Regards,
Ajay

Letter of credit and credit Mgmt

hi experts i am working on this issue please through some light on this please,i am creating LC and when i create sales order i am using this LC document in billing tab financial documents,here my requirement is when customer have LC sales order or delivery should not block for the credit check.How it can be done please let me know.Thanks alot.

A Third party solution provider named Collabera,formerly IVL india Private Limited Trivandrum,
has an addon module for SAP like OptiSuite - Exports,imports,excise,forms etc , handlying Letter of credit seperately.
Check with the google for more details..
Cheers,
Edited by: Mukundan Ramanathan on Feb 10, 2009 7:22 AM

Subsequent debit and Credit in MRIO

Hi,
I know the Invocie and credit memo in MIRO when we are posting the invocie we have to use the invocie option and in case we return the material we can use the credit memo, I wan tto know when we have to use subsequent debit / credit what its exact use.
regards,
zafar

Hi,
Subsequent debit and Credit are executed after invoice verification. When an additional invoice or credit memo is received for a transaction that has already been invoiced, this is known as a subsequent debit/credit. First let me clarify the terms Subsequent debit /Credit and credit memo.
1. Subsequent Debit :-You must enter an invoice as a subsequent debit if a purchase order item has already been invoiced and further costs are now incurred. (Example: A vendor has inadvertently invoiced you at too low a price and then sends a
second invoice for the difference.)
2. Subsequent Credit :- You must enter a credit memo as a subsequent credit if a purchase order item was invoiced at too high a price and you have now received a credit memo. (Example: A vendor has inadvertently invoiced you at too high a price and then sends a credit memo for the difference. Please refer below link for better clarity.
A subsequent debit/credit cannot refer to a particular invoice. Subsequent debits and credits are listed separately in the PO history.
3. Credit Memo :- You usually receive a credit memo from a vendor if you were overcharged. As is the case for invoices, credit memos refer to purchase orders or goods receipts. Hope this will resolve your issue. Thanking you

Creating debit and credit memo

Hi,
Can any one help me to find out compleate process of debit note and credit note and why it is necesary how it configured, and how it is excute, what is the basic requirement for it.
advance thanks
suvangkar
Edited by: suvangkar Saha on Jan 14, 2008 2:53 PM

Hi
Debit/Credit Notes are nothing but Purchase/Sales Returns.
Debit Note :
IF we made sales to customers they will return the goods becaz of some reasons that may be goods damage, poor quality etc., in that case debit note will raise.
Entry :
For Sales
Customer A/c Dr.
To Sales A/c
TCode : FB70
For Sales Returns (Debit Note)
Sales Returns a/c Dr.
To Customer A/c
TCode : FB75
In the same way for credit note also if we purchase goods from others we will return those goods for damage, poor quality etc., in that case credit note will raise.
Entry :
For Purchase
Purchase A/c Dr.
To Vendor a/c
TCode : FB60
For Purchase Returns
(For Credit Note)
Vendor A/c Dr.
To Purchase Returns
TCode : FB65
Hope it clear
Edited by: Venkat Padarthi on Jan 14, 2008 8:08 PM

Vandor crdit memo, subsequent debit memo and subsequent crdit memo

Hi,
what is the difference between subsequent debit, credit and credit memo in MIRO transaction.
In case of vendor had given us credit note with relevant to particular for which we had already completed the invoice verification and payment also paid.
in this case what document should i use i.e crdit memo, subsequent credit memo or subsequent debit memo??
plz suggest

Hi,
Difference between Credit memo and subsequent debits/credits
Subsequent Debits/Credits are used in cases where the quantity is in the original invoice is to remain the same.
Example:
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 reduce amount.
If you approve of the price increase,
post the subsequent invoice received as a Subsequent Debit Invoice.
If it is a credit memo that has been received for reducing $1 of invoice price,
then post the credit memo as Subsequent 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.
Thanks
Kalyankumar

Display group currency for debit and credit

I have one bank account, the local currency is MYR, we want to display in USD for both debit side and credit side for Feb.2010, is it possible?
which report we can use

HI,
Use transaction S_ALR_87012277.
Enter 30 (Group Currency) in the currency type field.
Add other selection parameters if required and execute....
Regards,
Chintan Joshi

Credit memo, subsequent debit and subsequent credit

Hi,
We have recently started using credit memo, subsequent debit and subsequent credit in SAP.
However, when ever user is taking print of this documents system is still showing as invoice verification note only
We want to differentiate this documents with other document types. could u plz explain me the config settings for this doc types provided by standard SAP.

Transaction OBA7, define document types which you require. Then, SPRO -> AR/AP -> Business transactions -> Outgoing invoices, credit memos -> Outgoing Invoices/Credit Memos - Enjoy -> Define Document Types for Enjoy Transactions. There you can define that new document types are default for process you want
regards

Subsequent debit, credit and credit memo

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