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What point you consider when ‘Applying Receipts and On-Account Credit Memos’?

Posted on January 3rd, 2011 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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You can apply all or part of a receipt or on-account credit memo to a single debit item or to several debit items.

For example, a customer may send a single check to pay all of one invoice and part of another invoice.

The customer may also have an on-account credit memo to use with the check to close an open debit item.

Usually , these points to consider when applying receipts and on-account credit memos to transactions:

  • Credit Memo Search
  • Transaction Balance for Applications Always Used profile option
  • Receipt Application on Cross-customer Transactions
  • Foreign Currency Receipts
  • On-Account Credit Memos
  • Balance Forward Bills

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