|
Explain the scenario where you post a credit memo in invoice transaction, and what will be the accounting impact? Following is a Scenario:
Now after IV, if you find that 1 piece out of 10 is defective or less in qty then you can raise raise a credit memo for 1 piece @ Rs.10/- which will be done through MIRO by selecting Credit Memo which in turn will debit vendor account with 10 rs. The term credit memo always refers to a credit memo from
the vendor. Therefore, posting a credit memo always leads to a debit posting
on the vendor account.
Subsequent Debit and credit memo What is the difference between subsequent debit 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 credit memo, subsequent credit memo or subsequent debit memo? You need to use a credit memo. Raise subsequent credit memo for the P.O. That means the vendor is giving money to the company. 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.
What are the setting required to post debit / credit Memo? No customization is required for Debit Memo/Credit Memo, If you want to raise an credit memo Select the Option Credit memo in MIRO. If you have configured for Posting of Vendor Invoices
in MIRO, the same are required.
How to get the print out of credit memo? Goto SPRO -> MM -> Invoice Verification -> Message Determination, Maintain the output type. Then use MR90
SAP MM Reference Books:
Goto:
Back to:
Return to :-
(c) www.gotothings.com All material on this site is Copyright.
|