Richard Lyons <[EMAIL PROTECTED]>wrote:
On Friday 16 August 2002 6:53, Caffeinate The World wrote:
>
> What's the proper way to do a memo credit? I sent out an invoice to ABC
Inc. for $100 for service. Turned out they only wanted 1/2 months service, so
they are paying only $50.
>
> What's the proper way to credit their account? I don't want to modify the
original invoice to show $50 instead of $100. I want another transaction that
showed that a credit memo was posted for ABC Inc. for $50.
>
> I tried creating a service called Memo Credit with number 'cm' and then
invoice ABC Inc with a -50.00, but that new invoice will show up on process
payments and reports as unpaid.
Yes, that is fine. When they pay $50, you pay both the invoice of $100 and
the credit note of -$50 with it. Then it won't show up as unpaid any more.
Some things are simpler than you expect!
--
richard
I thought to do as you said above Richard, however, when I'm at the screen AR/Payments for ABC Inc with two lines for entry, one for each invoice. The first payment line for invoice 1 has $100 for the amount header, so I'd enter 50.00 here for the payment into Checking Account. But since it's not the full payment, wouldn't this invoice show up as unsettled in the reports?
Then on line 2 (credit memo invoice) the amount header is -50.00. What amount should be entered here? 50.00? If it's 50.00, how's that possible since I already applied the payment of 50.00 in payment line 1 for the original invoice.
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