There is a new task available in Accounts Receivable that makes it a one-step process to undo these miss posted transactions. To correct this kind of error, you ended up adding credit memos and debit memos and applying them to reverse the effect of the misapplied transaction.
![accounts payable credit memo sage 100 accounts payable credit memo sage 100](https://data.templateroller.com/pdf_docs_html/2108/21086/2108627/credit-memo-template_print_big.png)
You may enter a negative quantity, but the invoice total cannot be negative. If this is a job‑related document, enter the contract and project, and (as applicable) the category and resource.Įnter the item number, unit of measure, quantity, price, and distribution code.Any special instructions regarding the credit note or debit note.Įnter distribution details in the detail entry table.Purchase order number and sales order number (if known).Fiscal year and period to which you want to post the document.Document date (for aging and statistical purposes).The apply-to document that this credit note or debit note is offsetting.If you are processing a retainage credit note or debit note, specify the original document for which you are now processing retainage. Select credit note or debit note, retainage credit note, or retainage debit note. Retainage fields become available throughout the Document field-sets, allowing you to specify the retainage percentage or retainage amount, retention period, and retainage due date for each detail. If you have a multicurrency ledger, you also use the Retainage tab to specify whether to use the original exchange rate or the current exchange rate when you produce the retainage document. When you select the Retainage option, a Retainage tab becomes available that lets you specify the retainage terms for the document. This option appears in Invoice Entry only if you selected the Retainage Accounting option for your Accounts Payable system. Select an existing batch using the Batch Number field, or create a new batch.Open Accounts Payable > A/P Transactions > Invoice Entry. On the A/P Batch Listing screen, for the batch that was generated from PO, enter No in the Ready To Post field.On the Processing tab of the A/P Options screen, ensure that the Allow Edit of External Batches option is selected.For credit notes generated from P/O for invoices that have reverse charges:.
![accounts payable credit memo sage 100 accounts payable credit memo sage 100](https://templates.invoicehome.com/credit-memo-template-us-wexler-750px.png)
The credit note cannot reduce the current outstanding amount or quantity for a detail to less than zero.
![accounts payable credit memo sage 100 accounts payable credit memo sage 100](http://i.ytimg.com/vi/rBBT66KK8FQ/maxresdefault.jpg)
The credit note or debit note can use only jobs that were used on the apply-to document.For job‑related credit notes and debit notes, if you specify an Apply To Document:.Note: If the debit note or credit note applies to several invoices or is issued on account (for example, as a purchase volume rebate), you apply the credit note or "pay" the debit note later, using the A/P Payment Entry screen. Find out the invoice number to which the debit note or credit note applies, if any.