Debit Memo and Credit Memo

[former_member555628]

Hi Gurus,

1) The PO has a typo in the Net price field. By mistake, the buyer put up a higher price than the original price. After that, GR has been done and the invoice has also been posted. The buyer is creating the PO from a contract, which contains the correct price. Now , to get the money back, should client request the vendor to generate a credit memo or should the client send a debit memo to vendor? What will happen in case of ERS invoice? I am more interested in the latter situation.

2) If Client is returning goods to vendor and it is ERS and GR-based IV, then on reversal of Goods Receipt , will ERS generate a credit memo/debit memo? What will happen if the vendor sends the invoice? Should the client send a debit memo with goods returned or request the vendor to generate credit memo?

Thanks,

Kumar

[vijay_rajarammundke]

Hi,

In case of reversal of MRRL system doents allow rto reverse the GR and invoice is settled.

It can heppen only if we allow GR reversal inspite of invoice receipt " For GR-Based IV, Reversal of GR Despite Invoice "

But we dont want to do this.

Pls. suggest how to do it ?

Regards,

[former_member192897]

> 1) The PO has a typo in the Net price field. By mistake, the buyer put up a higher price than the original price. After that, GR has been done and the invoice has also been posted. The buyer is creating the PO from a contract, which contains the correct price. Now , to get the money back, should client request the vendor to generate a credit memo or should the client send a debit memo to vendor? What will happen in case of ERS invoice? I am more interested in the latter situation.

Let me Check..

> 2) If Client is returning goods to vendor and it is ERS and GR-based IV, then on reversal of Goods Receipt , will ERS generate a credit memo/debit memo? What will happen if the vendor sends the invoice? Should the client send a debit memo with goods returned or request the vendor to generate credit memo?

If you Returned, System will Generate a credit memo in Background Automatically..

[former_member581212]

hi,

Answer1. You have to generate the credit memo for the requirement...Credit memo could also get generated via ERS settlement....

Answer2. For this situation, if you have not entered the invoice then there can be few solutions:

a. either enter the right value invoice directly....

b. enter invoice of higher value and later create a credit memo for the same...

Credit memo and all settlement can be done by ERS settlement but the del. cost is never settled by ERS...

Hope it helps...

Regards

Priyanka.P