Transform your daily workflows and Blackout Credit Memo

Aug 6th, 2022
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Easy instructions on how to Blackout Credit Memo

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How to Blackout Credit Memo

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all right so Ive in the previous video Ive done these first three transactions and weve got three more to go so the first one June 5 June of Elvis merchandise issues a credit Memorandum of $40 to Jackson company for damaged merchandise something happened maybe Jane probably had the best of intentions but something was wrong with the merchandise sold to Jackson company so Jims going to issue him a credit memorandum now if this were a cash transaction Jim would just give him cash back but since this is an accounts receivable transaction uh Jim is going to do something different hes gonna give him whats called a credit memorandum and well see why he calls it that very shortly here first of all right now according to our T accounts remember this is from transaction let me see your transaction B where this is the amount that Jim owes us however now he doesnt owe us that money were gonna say you know you dont owe you this some of that was damaged you dont owe us 40 bucks so now I

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A credit memo is a document which shows the amount that is due to a customer for a full or partial refund. The amount can be applied towards another order, or refunded to the customer after the original purchase. Before a credit memo can be printed, it must first be generated for the order.
On the Change View Maintain Sales Order Types: Overview screen, double click the credit memo request type you want to change. On the Change View Maintain Sales Order Types: Details screen, remove Y8 from the billing block.
Once a credit memo request is created, the system normally creates a billing block. This block prevents you from billing the credit memo request and can only be removed by an authorized employee.
Double click to access order processing (overview or basic item data), where you can delete the billing block to release a locked order for billing.
To access the function for releasing credit memo requests, choose Logistics Media Sales and Distribution Media Product Sales and Distribution Sales Service Release to SD Release Credit Memos to SDorLogistics Media Sales and Distribution Press Distribution Customer Service Credit Memos Release to Sales and Distribution
A credit memo is an official written acknowledgement that money is owed back to a customer. When you need to create a refund for a client, you can create a credit memo, which is basically an invoice with a negative amount.
Credit memos from a bank are usually in regard that a bank if reversing some sort of transaction in which the bank made a payment it should not have, or the bank may have made a collection upon a note receivable or a certificate of deposit.
To set the billing block at header level, choose the Sales tab page from the overview screen and activate it in the Billing block field. To enter a delivery block for an item, select the appropriate item on the Item Overview tab page and then choose Goto Item Billing .

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